523 Richmond St is a retail in London, listed for $2,250,000.
1Located at 523 Richmond Street, this beautifully rebuilt building showcases artistic design, exceptional craftsmanship and over 7,700 sq. ft. of finished space, including a large finished basement.
2The impressive restaurant layout features private dining space, a spectacular outdoor courtyard ideal for dining and special events, and a front patio overlooking Richmond Street.
3Liquor-licensed capacity for 187 indoor seats plus 94 patio seats, subject to applicable approvals.
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Commercial Property in London
About 523 Richmond Street
One-of-a-kind opportunity to purchase an exceptional commercial property with a fully equipped restaurant in the heart of London's vibrant Richmond Row. Located at 523 Richmond Street, this beautifully rebuilt building showcases artistic design, exceptional craftsmanship and over 7,700 sq. ft. of finished space, including a large finished basement. The impressive restaurant layout features private dining space, a spectacular outdoor courtyard ideal for dining and special events, and a front patio overlooking Richmond Street. Liquor-licensed capacity for 187 indoor seats plus 94 patio seats, subject to applicable approvals. A separate Richmond Street entrance leads to an approximately 1,200 sq. ft. upper-level apartment, currently rented and providing supplementary income. Outstanding exposure in a lively, walkable downtown destination surrounded by shopping, dining and entertainment. A fantastic opportunity for an owner-operator or investor to acquire a distinctive property with extensive restaurant infrastructure. The entire property could be available with vacant possession, subject to existing tenancy arrangements and applicable requirements.
London retail priced at $2,250,000 — book a tour to see if it fits your search.
Inside 523 Richmond St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
523 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® X14109900$2,250,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 523 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 ratio97.2%On average, homes sold below asking.
Active listings2,439Homes for sale here right now.
Median vs prior 90 days−1.7%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 1,748 sales from Jul 25 – Oct 23, 2026 (1,468 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 523 Richmond St
How much is 523 Richmond St listed for?
523 Richmond St is listed at $2,250,000 (MLS® X14109900). Summitly updates the price as soon as the MLS® record changes.
Has the price of 523 Richmond St changed?
No — 523 Richmond St is still listed at its original asking price of $2,250,000.
How many bedrooms and bathrooms does 523 Richmond St have?
The listing for 523 Richmond St doesn't publish its bedroom and bathroom count. It is a commercial property in London.
How does 523 Richmond St compare with other homes in London?
Its asking price of $2,250,000 is about 302% above the median sold price in London over the last 90 days, $560,000, across 1,748 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 523 Richmond St been sold before?
Summitly has no earlier MLS® sale or lease of 523 Richmond St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 523 Richmond St?
523 Richmond St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 523 Richmond St been on the market?
523 Richmond St was listed today (October 23, 2026).
What is the land transfer tax on 523 Richmond St?
About $42,725 in Ontario land transfer tax at the asking price of $2,250,000. 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 523 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 523 Richmond St?
The listing for 523 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 523 Richmond St built?
The listing for 523 Richmond St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
