398 RICHMOND STREET
London East (East K), Ontario
MLS® X13660732
$885,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13660732
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 43Listing 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 summary
- MLS® number
- X13660732
- Property type
- Retail
- Size
- 3,203 sq ft
- Land size
- 24.05 x 54.51 FT
- Annual property taxes
- $9,787.00
- Days on market
- 48 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $885,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE TRILAND REALTY, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.