Salehian.com 647-325-5000

346 Richmond Street

East K, London East, N6A 3C3

$135,900

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Listed 25 days ago · MLS® X13827246

About this home

Excellent opportunity to own a turnkey restaurant business in the heart of Downtown London! The RedBox, a Desi-Street Style Indian-Chinese restaurant, this well-equipped establishment is prominently located near the busy intersection of Richmond Street and York Street, offering excellent visibility and convenient access.The versatile space is well suited for dine-in, takeout, delivery and catering operations, with the flexibility to continue the existing concept or introduce a new food business. The sale includes essential restaurant equipment and chattels, providing an excellent opportunity for an experienced restaurateur or first-time business owner. The restaurant offers seating capacity for approximately 40 guests. The kitchen features a good-sized commercial exhaust hood, spacious walk-in cooler and equipment to support an active food-service operation. Two washrooms are also available.Conveniently located minutes from VIA Rail, Fanshawe College's Downtown Campus, Victoria Park and with easy access to Western University, the location benefits from Downtown London's residential, student, commuter and business activity. A new five-year lease renewal option is available, providing added stability for the next operator. Owner training can also be provided if required. Turnkey restaurant opportunity in a high-visibility Downtown location - bring your concept and make it your own! Please contact me for any more information or to schedule a visit. ** Some items were removed from the kitchen/shelves for the purpose of the picture taken.

Details

Type
Sale Of Business
Lot
20 × 97.12 ft
Garage
None
Neighbourhood
East K
Municipality
London East

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes

More

Possession
Flexible
Cross street
Richmond st and York St
Business type
Restaurant

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 4 grocery stores, 84 cafés and restaurants, 21 parks, 1 pharmacy. Nearest grocery: Doris Family Produce (150 m). Nearest park: Market Lane (200 m).

Schools nearby

Elementary

  • Lord Roberts Public School1.3 km
  • St. Martin Separate School Catholic
    EQAO: Gr 6 reading 87%, math 42%    1.4 km
  • Victoria Public School
    EQAO: Gr 6 reading 42%, math 5%    1.4 km
  • Aberdeen Public School
    EQAO: Gr 6 reading 65%, math 33%    1.5 km

Secondary

  • London Central Secondary School
    EQAO: Gr 9 math 81%, literacy test 91%    13 min walk
  • Catholic Central High School Catholic
    EQAO: Gr 9 math 57%, literacy test 89%    16 min walk
  • H.B. Beal Secondary School
    EQAO: Gr 9 math 56%, literacy test 79%    1.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N6A

Owners / renters
29% / 71%
Median household income
$61,200
Average age
41
Children under 15
7%
Homes
19% detached, 55% high-rise
Commute by transit
12%
Population
13,810

Languages spoken most at home besides English: Spanish 1.1%, Mandarin 1%, Portuguese 0.8%, Arabic 0.6%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise 1 source nearby

  • 🚆 Rail line (Strathroy Subdivision)150 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX ICON REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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