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368 Richmond Street, London, ON, N6A 3C3

MLS® # 40451601
Commercial For Sale In Central London, London, Ontario
$239,900
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
368 Richmond Street, London, ON
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ACTIVE
368 Richmond Street, London, ON, N6A 3C3
$239,900

Property Information:

A fantastic opportunity to own a Liquor Sales licensed restaurant in heart of London Downtown. This presents a compelling opportunity to transition into a Bar Business with a wet bar ready, complemented by a well-appointed kitchen and comprehensive facilities suitable for a diverse range of culinary offerings.Located close to an array of amenities, including Residential Apartments, schools, Citi Plaza, the library, banks, offices, hotels, Covent Garden Market, Budweiser Gardens, and public transit by the door offering access to all corners of the city. Direct bus to UWO and walking distance to Fanshawe College. Across from the London International Academy High School adds to its investment value. Spanning the main floor, this business offers ample space for both dining and storage. Nearby parking lots and free street parking for up to 2 hours ensure a hassle-free experience for customers. The location boasts excellent visibility with multi-routs bus stops by the building which garnering significant exposure and traffic. Ground size of 2840 sqft & the rent-free full basement storage, this restaurant provides ample room to accommodate 100+ guests. The property features a wet bar with water pipes already in place, facilitating seamless operations for a Bar or a Drink Store. Equipped with 220v electricity, making it highly convenient for various culinary requirements. Upgrades include a new kitchen stove and other appliances in 2020, ensuring a modern and efficient working environment. Tiles (2020); Freshly painted walls and ceilings. 10.2 Foot Kitchen Hood. Legal private VIP rooms for parties on all occasions add a touch of exclusivity and cater to private events and gatherings. Affordable rent with Water and Tax included. Free garbage pickup at front and back doors by the city. Free used grease oil pickup. The lease term spans 2+7 years, providing stability and a long-term vision. No limit on working hours. Please contact the listing agent for showings.

Inclusions: Dishwasher,Dryer,Freezer,Furniture,Gas Oven/Range,Gas Stove,Range Hood,Refrigerator,Smoke Detector,Stove,TV Tower/Antenna,Washer,Other,All Chattels And Fixtures Are Included. Inventories Are Negotiable.

Property Features:

  • Business Type:
  • Lot Features: Arts Centre, City Lot, Library, Park, Public Parking, Public Transit, Schools, Shopping Nearby
  • Security Features: Smoke Detector

Courtesy of: CENTURY 21 FIRST CANADIAN CORP., BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 368 Richmond Street, London, ON, N6A 3C3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

35 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 368 Richmond Street , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 368 Richmond Street , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 368 Richmond Street, London, ON, N6A 3C3

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$101,556.43

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.08 %

High school certificate or equivalent

18.58 %

Apprenticeship trade certificate/diploma

4.3 %

College/non-university certificate

20.87 %

University certificate (below bachelor)

2.73 %

University Degree

36.51 %

Commuter

Travel To Work

By Car

57.7 %

By Public Transit

17.6 %

By Walking

20.45 %

By Bicycle

1.38 %

By Other Methods

2.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

97.55 %

Houses

1.66 %

Own Vs. Rent

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