575 RICHMOND STREET, London East (East F)
$23/sqft
For rent: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X13140584
- Neighbourhood
- East F
Prime retail opportunity in the heart of Downtown London's vibrant Richmond Row district. This beautifully renovated 1,105 SF storefront at 575 Richmond St offers exceptional street presence, modern finishes, large display windows, high ceilings, and strong pedestrian exposure surrounded by restaurants, boutiques, bars, offices, and high-density residential towers. The space features an open concept retail layout with additional storage area in the rear/lower level, making it ideal for a wide range of business uses under BDC(1) zoning including retail boutiques, clothing stores, jewelry stores, salons, aesthetics/beauty uses, wellness services, studios, cafés, offices, specialty food shops, personal service establishments, creative agencies, and more. Located in one of London's busiest urban corridors with constant foot traffic from students, professionals, and downtown residents. Turnkey opportunity for businesses looking to establish themselves in a highly sought-after downtown location. Offering a lease assignment until 2028 for $23 net + $14.16 additional rents ($3,421.82 monthly) plus HST and utilities. Opportunity to sign a longer term lease if preferred.
Sold data
Other homes in London East (East F) — recent sold market
Other homes in London East (East F) took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 62, across 31 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $575,000.
Homes sold for about 2.2% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 21
- Median sale price
- $575,000
- Sale-to-list ratio
- 97.8%
- Sold above asking
- 19%
Based on 31 recorded sales in the last 2 years — 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.
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