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Coldwell Banker Summit Realty

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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 27 days

    Unit 478 — 484 Richmond Street

    East F·London East, ON·N6A 3E6·Near DUFFERIN AVE

      0
    • Sale Of Business
    London East real estate›X12481124
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    This is your opportunity to own Common Wealth Coffee Co., one of London's most beloved and successful cafes, perfectly situated in the heart of Richmond Row one of the city's most dynamic and sought-after commercial corridors. Located directly across from the Grand Theatre, steps from Victoria Park, and surrounded by high-end restaurants, offices, and year-round foot traffic, this 100% turn-key operation offers unmatched visibility and accessibility in a prime location. Boasting over 2,000 sq. ft. of beautifully designed space, the cafe features a trendy, modern interior and eye-catching exterior that keeps customers coming back. With strong sales, an attractive lease in place, and a loyal customer base, there's still tremendous room to grow by expanding the menu and increasing operating hours. Whether you're an experienced operator or a passionate entrepreneur, this is a rare chance to step into a thriving, established business with unlimited potential. Reach out today for more information this one wont last.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Oct 24, 2025ListedCurrentFor sale$169,000 —X12481124This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Gas Forced Air Closed
      Air conditioning
      Yes
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit 478 — 484 Richmond Street
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $830
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $93
    0.66% mill rate · ON
    The market

    How this home sits in the London East market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The London East market right now

    Average sold price, days on market, and closed-transaction count for London East — sourced from MLS®.

    • Avg sold price
      $464,285
      Last 30 days
    • Median sold price
      $459,000
      Middle of the market
    • Days on market
      33 d
      Avg from list to close
    • Closed last 30d
      392
      MLS® transactions
    Full London East market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 478 — 484 Richmond Street — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 478 — 484 Richmond Street and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit 478 — 484 Richmond Street listed for?

      Unit 478 — 484 Richmond Street is listed at $169,000 on the MLS® (listing X12481124). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 478 — 484 Richmond Street have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

    Asking
    $169,000
    MLS® X12481124
    Chat Zara
  1. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $464,285
    $427,142Confidence range$501,428
    Asking vs estimate
    ↓below
    −$295,285
    (-63.6%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in London East sell in about 33 days — this one has been listed 27 days.

    Avg sold price
    $464,285
    Median sold
    $459,000
    Avg days on market
    33
    Recently sold
    392
    See comparable sales
    Boasting over 2,000 sq. ft. of beautifully designed space, the cafe features a trendy, modern interior and eye-catching exterior that keeps customers coming back.
  2. With strong sales, an attractive lease in place, and a loyal customer base, there's still tremendous room to grow by expanding the menu and increasing operating hours.
  3. Reach out today for more information this one wont last.
  4. Ask Zara a follow-up
    Sanitary+Storm Available
  5. Parking & garage

    2
    Garage
    Outside/Surface
    Parking spaces
    1
  6. Lot & land

    1
    Zoning
    DA2
  7. Listing & possession

    4
    Possession
    2025-12-01T00:00:00.000-00:00
    Occupancy
    flex
    Property style
    Without Property
    Property class
    Sale Of Business
  8. Combined estimate
    $923
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $830
    /mo
    based on the purchase price of $169,000
    $33,800 cash
    $135,200 financed
    $113,874 total interest
    Monthly payment$830/ month
    Principal54%$135,200
    Interest46%$113,874

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

    More sale of businesss in London East

    Active listings within ±20% of this asking price.

    • 489 Highbury Avenue
      $149,000
      489 Highbury Avenue
      Sale Of Business 2
    • 1487 Dundas Street
      $149,000
      1487 Dundas Street
      Sale Of Business
    • 766 Adelaide Street
      $149,900
      766 Adelaide Street
      Sale Of Business 1
    • 560 Hamilton Road
      $149,000
      560 Hamilton Road
      Sale Of Business
    • 182 York Street
      $199,900
      182 York Street
      Sale Of Business
    • 1141 Highbury Avenue
      $139,000
      1141 Highbury Avenue
      Sale Of Business
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  9. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  10. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  11. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  12. Public listing courtesy of THRIVE REALTY GROUP INC. · displayed on Summitly per MLS® data-share rules

    Unit 478 — 484 Richmond Street is a sale of business at London East, ON. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  13. When was Unit 478 — 484 Richmond Street built?

    The year built for Unit 478 — 484 Richmond Street isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  14. What is the property tax for Unit 478 — 484 Richmond Street?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 478 — 484 Richmond Street plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  15. How much would the monthly mortgage be on Unit 478 — 484 Richmond Street?

    The affordability calculator on this page shows an estimated monthly mortgage for $169,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  16. Has Unit 478 — 484 Richmond Street been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 478 — 484 Richmond Street with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  17. What neighbourhood is Unit 478 — 484 Richmond Street in?

    Unit 478 — 484 Richmond Street is in East F, London East. The 'Neighbourhood' section below links to the live London East real estate hub with average sold price, days on market, and current inventory.

  18. Is London East a good place to live?

    London East is one of ON's actively-tracked Summitly markets. The full London East real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.