$885,000
( $276.30Per Sq Foot )
 $4,751 est/mo Sourced by Back At You

398 Richmond Street,London East, ON N6A 3C7

London East, ON N6A 3C7

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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.

Details

MLS #X13660732
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site86
Listing Provided ByROYAL LEPAGE TRILAND REALTY | X13660732 355002

Features

SQ Feet3,203
Acreage0.07

Interior

CoolingYes

Exterior

Security FeaturesNo

Utilities

UtilitiesYes

Taxes

Tax Annual Amount9787
Tax TypeAnnual
Tax Legal DescriptionPT LT 10 , S/W DUNDAS STREET , AS IN 548951 ; S/T THE RIGHTS OF OWNERS OF ADJOINING PARCELS, IF ANY, UNDER 546966 ; LONDON
Tax Year2025

Area Information

ProvinceON
CountyMiddlesex
CityLondon East
Postal CodeN6A 3C7
AreaEast K
Listing VS Median (in N6A 3C7)
Price:
$885,000
low | high
Med:
$492,000
94.406779661017% of Average
sqft:
3,203
low | high
Med:
2,267
79.238214174212% of Average
$ / sqft:
$276
low | high
Med:
$175
86.530011469351% of Average
On site:
86
low | high
Med:
86
100% of Average
Sourced by Back At You

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Learn More About This Property

VLADIMIR GARBER

VLADIMIR GARBER

Coldwell Banker The Real Estate Centre

 (416) 839-5119vladgteam@gmail.com
ProvinceON
CountyMiddlesex
CityLondon East
Postal CodeN6A 3C7
AreaEast K
Listing VS Median (in N6A 3C7)
Price:
$885,000
low | high
Med:
$492,000
94.406779661017% of Average
sqft:
3,203
low | high
Med:
2,267
79.238214174212% of Average
$ / sqft:
$276
low | high
Med:
$175
86.530011469351% of Average
On site:
86
low | high
Med:
86
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $663K - $1.106M
sqft: 2,000 - 4,000
Nearby Listings Property ImageNearby Listings Details
334 Queens Avenue Property Photo 1
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334 Queens Avenue
London East, ON N6B 1X4
Listing Updated: September 29, 2026 at 11:33:56 PM PDT