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For Sale

398 Richmond Street, London East, ON N6A 3C7

$885,000

  • Commercial Retail
  • MLS® X13660732

Listing Brokerage: ROYAL LEPAGE TRILAND REALTY

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.

Property details

MLS® number
X13660732
Transaction
For Sale
Property type
Commercial
Style / use
Commercial Retail
Community
East K
City
London East
Building area
3203 Square Feet
Lot width
24.05 Feet
Lot depth
54.51 Feet
Heating
Gas Forced Air Closed
Cooling
Yes
Garage
None
Taxes
$9,787.00
Tax year
2025
Business type
Retail Store Related
Retail area
1148
Listing brokerage
ROYAL LEPAGE TRILAND REALTY

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