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$ 885,000
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Active
398 Richmond ST London East, ON N6A 3C7
3,203 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,203 sqft
Price per Sqft $276
Subdivision East K
MLS Listing ID X13660732
Annual Tax Amount $9,787
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
ONE PROPERTY. MULTIPLE INCOME STREAMS. PRIME DOWNTOWN LOCATION. An opportunity designed to get an investor's attention. This three-storey mixed-use property is ideally positioned just steps from Fanshawe College, Dundas Place, Budweiser Gardens, and Covent Garden Market, offering exceptional visibility, foot traffic, and long-term potential. The 1,330 sq. ft. main-floor commercial space is home to a well-established convenience store, successfully owner-operated since 1997, with strong goodwill and a loyal customer base. The business is listed separately and may be purchased with the building for the right buyer. Above are two spacious 3-bedroom residential units of approximately 1,093 sq. ft. and 963 sq. ft., providing additional rental income potential. With zoning allowing uses including retail, café, restaurant, bar, and personal services, the possibilities are broad. Three floors. Multiple revenue streams. One prime downtown address. Whether you're looking to maximize rental income, operate a business, or build a flexible investment portfolio, this property gives you the opportunity to do it all under one roof.
Location
Province ON
County Middlesex
Area Middlesex
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 24.05
Lot Depth 54.51
Others
Security Features No
ParcelsYN No
Listed by ROYAL LEPAGE TRILAND REALTY
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145 Wharncliffe Rd S, London, ON N6J 2K4, CAN
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