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

$885,000

Est payment $4,250/mo

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Time on Jump 53 day

AI Summary *

Three-storey mixed-use property with prime downtown location close to amenities.
Main-floor commercial space currently operates a successful convenience store since 1997.
Two spacious 3-bedroom residential units for additional rental income.
Zoning allows various uses like retail, café, and restaurant for flexibility.
Great potential for diverse income streams and investment opportunities.

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Purchase Price

Term

Interest Rate

Payment Frequency

Down Payment:
$ 44,250 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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.

Listing IDX13660732

Address398 Richmond Street

CityLondon East, Ontario

Price$885,000

StyleCommercial Retail

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype Commercial RetailBasement 1Heating / Cooling Gas Forced Air Closed

Market Info

Listing Brokerage: ROYAL LEPAGE TRILAND REALTY

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Listing Brokerage: ROYAL LEPAGE TRILAND REALTY

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For Sale - 398 Richmond Street, London East, Ontario

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Property Info

Extras

Market Info

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