For Sale - 398 Richmond Street, London East, Ontario

Est payment $4,802/mo
Views   1
Time on Jump  1 days
  • Own both the building and a successful business in a high traffic area.
  • Thriving convenience store has operated successfully since 1997 with loyal customers.
  • Two spacious 3-bedroom units above offer great rental income potential.
  • Zoning allows for various retail and service uses to match your vision.
  • Live, work, and invest all in one prime downtown location.



An opportunity like this doesn't come around often. Own the building and the business in one of the city's most dynamic, high traffic locations offered as the current owner prepares for retirement after decades of success. Perfectly positioned just steps from fanshawe college, dundas place, budweiser gardens, and covent garden market, this standout three storey mixed use property delivers the ultimate blend of visibility, versatility, and income potential. At street level, a thriving 1,330 sq ft convenience store anchors the property, a well established, owner operated convenience store business since 1997 with strong goodwill and a loyal customer base. Included in the sale (inventory extra), this turnkey operation offers immediate cash flow from day one. Above, two spacious 3-bedroom residential units provide excellent rental income potential in a location tenants actively seek. Zoning allows for a wide range of uses retail, cafe, restaurant, bar, or personal services giving you the flexibility to evolve the space as you grow. Live, work, and invest all under one roof. Rent out both apartments and the commercial space for maximum returns, or move into one unit while the rest of the property pays for itself. This is more than a property, it's a proven income generator in a prime downtown location.
Listing IDX13030498
Address398 Richmond Street
CityLondon East, Ontario
Price$999,999
StyleSale Of Business
TypeBusiness
StatusFor Sale
Subtype Sale Of BusinessBasement 1Heating / Cooling Gas Forced Air Closed
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Listing Agency:  ROYAL LEPAGE TRILAND REALTY

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398 Richmond Street
London East , Ontario
$999,999
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