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For Sale

484 RICHMOND Street E 102 #102

East F, London East, ON
$75,000
0Bd
0Ba
sqft
71.86 ft frontagelot
CommercialMLS# X12612694Listed 2025-12-09130 DOM

On the market for 130 days — longer than average. The seller may be open to negotiation.

About this home

Exceptional opportunity to own a well-established takeout-only sushi restaurant located in one of downtown London's highest-traffic corridors. Ideally positioned on Richmond St. at Dufferin Ave, this business benefits from outstanding visibility and a strong existing customer base drawn from surrounding high-rise condos, commercial buildings, residential communities, and the constant foot traffic around Victoria Park. This fully turn-key operation runs efficiently 6 days per week, leaving significant potential for growth. The restaurant already maintains strong partnerships with major delivery platforms including UberEats and SkipTheDishes, providing seamless continuity for the new owner. Additional revenue opportunities include expanding hours (Sundays and late-night), adding catering services, and introducing complementary menu items such as sushi burritos, sushi tacos, specialty rolls, bubble tea, desserts, or even other retail food concepts. The space offers approximately 700 sq. ft., two dedicated parking spaces at the front, and valuable additional storage in the basement. Rent is very reasonable at $2,187.91/month + approximately $200/month for hydro, keeping operating costs low and margins strong. Remaining lease runs until December 31, 2026, with a 5-year renewal option available. All existing equipment and fixtures are included. A rare chance to step into a profitable, well-located business with excellent growth potential on one of London's most vibrant and sought-after commercial strips.

Features

  • Yes

Financials

Annual Taxes
$500

Estimated Rental Income

Entire property$2,500 – $8,000/mo
Rental yield40.0% – 128.0%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — London East

Days on market130 days
Buyer's MarketSeller's Market

Based on active listings in London East. Data updates daily.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. 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. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$75,000
484 RICHMOND Street E 102, London East
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