398 Richmond Street, London East, ON N6A 3C7

London East, ON

London East, ON

$885,000
3,203 sqft
Selling
Added 2 weeks ago
1 View
Overview
Square: 3,203 sqft
MLS Number: X13660732
Listing Brokerage: ROYAL LEPAGE TRILAND REALTY
Listed On: Aug 11, 2026 (80 days ago)
Last Updated: Aug 11, 2026 (80 days ago)

398 Richmond Street, London East, ON N6A 3C7 - About this home

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.
This Commercial Retail located at 398 Richmond Street, London East, ON N6A 3C7 is currently for sale and has been available at Kash Invest for 80 days. This property, in the city of London East and East K neighborhood, is listed at $885,000 with an estimated mortgage of $4,139* per month. It has an area of 24.05x54.51 sqft with 0 beds and 0 BR. Waterfront Communities C1, Weston and Bradford are nearby neighbourhoods.

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Facts and Features
Property
Status: Active
Property Type: Commercial
Property Sub Type: Commercial Retail
Transaction Type: For Sale
Area: Middlesex
Community: East K
Occupant Type: Owner
Possession Type: Flexible
Cross Street: Richmond and Dundas
Listed On: 2026-08-11
Last Modified: 2026-08-11
MLS Number: X13660732
Listing Brokerage: ROYAL LEPAGE TRILAND REALTY
Inside
Air Conditioning: Yes
Heating: Gas Forced Air Closed
Building
Security Features: No
Building Area Total: 3203
Building Area Units: Square Feet
HST Application: Not Subject to HST
Parking
Parking Spaces (Driveway): 0
Financial
Tax Annual Amount: 9787
Tax Year: 2025
Tax Legal Description: PT LT 10 , S/W DUNDAS STREET , AS IN 548951 ; S/T THE RIGHTS OF OWNERS OF ADJOINING PARCELS, IF ANY, UNDER 546966 ; LONDON
Land
Frontage: 24.05
Lot Depth: 54.51
Lot Size Units: Feet
Lot Size Source: MPAC
Lot Type: Lot
Directions: Richmond and Dundas
Parcel Number: 083210070
Roll Number: 393606004006900
Cross Street: Richmond and Dundas
Commercial General
Property Use: Multi-Use
Business Type: Retail Store Related
Contract Status: Available
Rail: No
Free Standing: Yes
Retail Area: 1148
Retail Area Units: Sq Ft
Tax Type: Annual
Utilities: Yes
Hours / Days of Operation: Open 7 Days
Price Unit: For Sale
Full-Time Employees: 0
Seating Capacity: 0
List AOR: London and St. Thomas Association of REALTORS
Showing Requirements: See Brokerage Remarks, Showing System, List Salesperson
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398 Richmond Street, London East, ON N6A 3C7 is a commercial retail, commercial development located at 398 Richmond Street, London East, ON N6A 3C7.

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