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Investment signal

$325,000

11 - 551 RICHMOND STREET

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Beds

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Baths

Sqft

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Year

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Type

Business

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East F). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

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. (id:65958)

Subtype: Business
Community: East F
Living area: 3,282 square feet
Lot dimensions: 245 x 245 FT
On market: Apr 28, 2026
Status changed: Apr 28, 2026
Annual tax: $0
Zoning: Business Commercial
Photos: 17
MLS#: X13052748
Area: LONDON_EAST_(EAST_F)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Positive cash flow ~$327/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

6.04%

Cap rate

6.07%

GRM

11.3

Break-even rent

$2,055

Financing

Down payment$65,000

Loan amount$260,000

Mortgage$1,317/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$149

Insurance$80

Maintenance$271

CapEx reserve$135

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,317/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.