view of commercial property Features: commercial view

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view of commercial location Features: commercial view

view of commercial property Features: commercial view, central ac

view of miscellaneous room Features: commercial view, vent

view of misc room Features: refrigerator, vent

view of miscellaneous room Features: vent

view of miscellaneous room Features: commercial view

hallway with light tile patterned floors Features: wood finish floor, drywall, tile floor, baseboards wall

office featuring light wood finished floors and baseboards Features: drywall, vent, refrigerator, wood finish floor, baseboards wall, range hood

office with dark wood finished floors and baseboards Features: drywall, baseboards wall, wood finish floor

home office with wood finished floors Features: drywall, wood finish floor, office area, baseboards wall

bedroom featuring light wood finished floors and multiple windows Features: wood finish floor, vent, natural light, baseboards wall, drywall

bedroom featuring light wood finished floors and a closet Features: baseboards wall, drywall, wood finish floor, closet, sink

bathroom with vanity, shower / bathtub combination with curtain, and light tile patterned floors Features: drywall, toilet, combined bath shower, vent, full bathroom, mirror, tile floor, vanity, sink

bathroom with vanity, shower / bath combo, and light tile patterned flooring Features: toilet, vanity, sink, tile floor, mirror, vent, combined bath shower, full bathroom, drywall

kitchen with dark wood finish cabinets, light countertops, range hood, and light wood finished floors Features: raised cabinets, range hood, drywall, dark brown cabinets, toaster, sink, range oven, countertops, baseboards wall, microwave, wood finish floor

kitchen with freestanding refrigerator, dark wood finish cabinets, light wood-style floors, and light countertops Features: refrigerator, raised cabinets, dark brown cabinets, wood finish floor, countertops, drywall, baseboards wall, smoke carbon monoxide detector

kitchen with electric range oven, light wood-type flooring, light countertops, and dark wood finish cabinetry Features: galley kitchen, countertops, range hood, baseboards wall, drywall, raised cabinets, dark brown cabinets, wood finish floor, sink, range oven

kitchen featuring electric stove, white fridge, light wood-style floors, light countertops, and exhaust hood Features: range oven, baseboards wall, countertops, refrigerator, wood finish floor, vent, sink, range hood, drywall, dark brown cabinets

office space with light wood-style flooring Features: smoke carbon monoxide detector, wood finish floor, drywall, vent, baseboards wall, range hood

office space with wood finished floors and baseboards Features: drywall, baseboards wall, wood finish floor

bedroom featuring light wood finished floors and baseboards Features: baseboards wall, wood finish floor, natural light, drywall

half bath with toilet Features: baseboards wall, vent, toilet, half bathroom, drywall, mirror, sink

kitchen featuring white appliances, light wood finished floors, light countertops, decorative light fixtures, and light wood finish cabinets Features: microwave, vent, wood finish floor, range oven, light brown cabinets, countertops, refrigerator, shaker cabinets, drywall, arched cabinets, opens to living area, pendant lighting, recessed lighting

kitchen featuring white appliances, light wood-style flooring, pendant lighting, and light wood finish cabinets Features: countertops, drywall, shaker cabinets, range hood, arched cabinets, pendant lighting, vent, sink, microwave, range oven, recessed lighting, refrigerator, wood finish floor, light brown cabinets

dining space featuring light wood-style flooring and recessed lighting Features: microwave, recessed lighting, drywall, wood finish floor, refrigerator, baseboards wall

kitchen with white range with electric cooktop, light wood-style flooring, light wood finish cabinetry, and light countertops Features: wood finish floor, shaker cabinets, arched cabinets, range oven, drywall, light brown cabinets, sink, recessed lighting, range hood, countertops

dining room with light wood-style flooring Features: wood finish floor, baseboards wall, vent, drywall, accent wall, tv, brick wall

kitchen with white electric stove, light wood-style flooring, light wood finish cabinetry, light countertops, and extractor fan Features: wood finish floor, range oven, opens to living area, arched cabinets, drywall, tv, shaker cabinets, brick wall, light brown cabinets, range hood, accent wall, countertops

bedroom featuring wood finished floors Features: wood finish floor, vent, drywall

kitchen featuring hanging light fixtures, white appliances, light wood-style floors, range hood, and light wood finish cabinets Features: range hood, countertops, drywall, recessed lighting, wood finish floor, l shaped kitchen, pendant lighting, light brown cabinets, arched cabinets, refrigerator, shaker cabinets, range oven, baseboards wall, sink

laundry area featuring stacked washer and clothes dryer and baseboards Features: drywall, stacked washer dryer, laundry, baseboards wall, vent, sink

full bath with vanity, a shower with curtain, and light tile patterned floors Features: toilet, drywall, vanity, baseboards wall, vent, shower, sink, mirror, full bathroom, tile floor

bedroom with baseboards and wood finished floors Features: baseboards wall, wood finish floor, drywall, vent

bedroom featuring light wood-style floors and a closet Features: baseboards wall, drywall, wood finish floor, closet

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For Sale - 398 Richmond Street, London East, Ontario

398 Richmond Street

London East , Ontario

$999,999

Est payment $4,802/mo

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Time on Jump 75 day

AI Summary *

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.

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Purchase Price

Term

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Down Payment:
$ 49,999 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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

Extras

Subtype Sale Of BusinessBasement 1Heating / Cooling Gas Forced Air Closed

Market Info

Listing Agency:
ROYAL LEPAGE TRILAND REALTY

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Listing Agency:
ROYAL LEPAGE TRILAND REALTY

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For Sale - 398 Richmond Street, London East, Ontario

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