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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in London
About 421 Richmond Street
Located on Richmond Row near the corner of Dundas. This is a turn key restaurant opportunity and includes a newer hood system (2019), updated appliances, newer electrical system. Furniture excluded. Seating capacity of 25. Main floor consists of851 square feet plus a partially finished basement with 2 washrooms and additional storage. This is a gross lease with monthly rent of $3,000.00 plus utilities. All seating has been removed. New terms to be negotiated. Immediate possession available
London business priced at $99,000 — book a tour to see if it fits your search.
Inside 421 Richmond St
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
421 Richmond St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14034502$99,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 421 Richmond St Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings2,476Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with Apr 18 – Jul 17, 2026: prices down.
Based on 1,806 sales from Jul 17 – Oct 15, 2026 (1,429 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 421 Richmond St
How much is 421 Richmond St listed for?
421 Richmond St is listed at $99,000 (MLS® X14034502). Summitly updates the price as soon as the MLS® record changes.
Has the price of 421 Richmond St changed?
No — 421 Richmond St is still listed at its original asking price of $99,000.
How many bedrooms and bathrooms does 421 Richmond St have?
The listing for 421 Richmond St doesn't publish its bedroom and bathroom count. It is a commercial property in London.
How does 421 Richmond St compare with other homes in London?
Its asking price of $99,000 is about 82% below the median sold price in London over the last 90 days, $560,000, across 1,806 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 421 Richmond St been sold before?
Summitly has no earlier MLS® sale or lease of 421 Richmond St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 421 Richmond St?
421 Richmond St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 421 Richmond St been on the market?
1 day — 421 Richmond St was listed on October 14, 2026.
What is the land transfer tax on 421 Richmond St?
About $715 in Ontario land transfer tax at the asking price of $99,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 421 Richmond St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 421 Richmond St?
The listing for 421 Richmond St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for London.
When was 421 Richmond St built?
The listing for 421 Richmond St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.