NewFor Sale

723-727 Richmond Street
London East, Middlesex, ON, N6A 1S1

Investment
TRREB
MLS® Number: X12916788
$2,275,000List Price
InvestmentProperty Type
9,900 sq ftSize
$31,166.31 / 2025Taxes (Annual)
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Listing History

Buy/sell history for 723-727 Richmond Street, London East, ON N6A 1S1

0 Transactions by CPRB Agents

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Description

Prime Residential/Commercial Investment Opportunity. Seize this rare opportunity to own a premium corner property at Richmond Street & Piccadilly Street, one of downtown London's most vibrant and high-traffic corridor, is just steps south of Oxford Street in the heart of Richmond Row. This exceptional offering includes two-storey mixed-use buildings featuring main-level commercial retail units and second-floor residential apartments. The property is 100% leased, delivering consistent annual income with a solid tenant mix and long-term upside. Ideal for investors seeking cash flow, asset appreciation, and future redevelopment potential Breakdown of Commercial/Residential: 5 Commercial Units/Tenants - Total of 4,950 SF among the commercial tenants. 7 Residential Apartment Units (2 Bachelor Units & 5-1 Bedroom Units). Commercial Tenants include: Banh Ma Restaurant, Cell Phone Repair, Boxwoods Flower Shop, Cafe tenant and Bella Vida Beauty Salon. On-site parking. Site Area: 0.187 Acres, New Improved Asking Price: $2,275,000. Steady Income year to year. $130,000 Net Income/Year. Full Sale Package Addresses: 723-727 Richmond Street and 214 Piccadilly Street, London.

Features

No features available

Amenities

No amenities available

Summary

Tax (Annual):$31,166.31 / 2025
Listing #:X12916788
Property Type:Investment
Size:9,900 sq ft
Land Size:65.96 x 123.29
Days on CPRB:
Garage:Outside/Surface
Locker:None
On CPRB Since:
Listing Brokerage:CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO

Rooms

Details

Property

Property Type:Investment
Community:East F
Municipality:Middlesex

Building

Size:9,900 sq ft

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:Outside/Surface
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Partial
Heating Type:Other
Utility Sewer:Sanitary

Land

Cross Street:Located directly at the corner of Richmond Street and Piccadilly Street.

$2,275,000

List price

723-727 Richmond Street, London East – Investment for sale · MLS® # X12916788