11 - 551 RICHMOND STREET, London East (East F)

$274,000

For sale: Other

Other at 11 - 551 RICHMOND STREET, London East (East F)
Property type
Sale Of Business
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® X13640144
Neighbourhood
East F

Unbeatable Richmond Row Downtown Location! Own a 40-seat, fully equipped franchise restaurant in the heart of London Downtown. This high-traffic gem features two patios, perfect for maximizing seasonal revenue. Close to Western University, Fanshawe College, and major corporate hubs, this turnkey space offers maximum visibility. An added bonus: a portion of the space is subleased to Dough Bits, providing additional rental income and reducing your operating costs. A rare opportunity to secure a proven franchise in one of London's most sought-after commercial corridors.

Sold data

Homes in East F — recent sold market

Homes in East F took a median of 42 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 70, across 92 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 82 days.

The median sale price was $447,450.

Homes sold for about 3.6% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
42
Median sale price
$447,450
Sale-to-list ratio
96.4%
Sold above asking
8%

Based on 92 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East F)

London East (East F) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East F)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 11 - 551 RICHMOND STREET