605-607 Richmond ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N6A 3G3
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,320 sqft
Price per Sqft $386
Subdivision East F
MLS Listing ID X12240651
Annual Tax Amount $35,316
Tax Year 2025
Property Sub-Type Investment
Property Description
Prime Residential / Commercial Investment Opportunity. Position your portfolio for success with this exceptional mixed-use property located at the high-profile intersection of Richmond Street & Central Avenue, one of London's most sought-after and heavily trafficked urban corridors. Directly across from Victoria Park and Starbucks, this iconic three-storey building offers unmatched visibility and foot traffic in a premier downtown setting. This exceptional offering includes Three Storey mixed-use building featuring main-level commercial retail units and second-floor residential apartments. The property delivers consistent annual income with a solid tenant mix and long-term upside. Ideal for investors seeking clash flow, asset appreciation, and future redevelopment potential. Breakdown of Commercial / Residential: 4 commercial Units/Tenants - Total of approx. 9,320 SF. 8 Residential Apartment Units (# - 1 Bedroom Units & - 2 Bedroom Units). Commercial Tenants include: Marcello Hair Stylist, Babaz Shawarma Plus, Ozen Restaurant and ATM machine. Site Area: approx. 0.097 acres. Asking Price: $3,600,000. Steady Income year to year. Approx. $230,000 Net Income/Year. Full sale Package Addresses: 605-607 Richmond Street and 208 Central Avenue, London.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Zoning BDC(1)
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 58.85
Lot Depth 92.4
Others
Security Features No