NewFor Sale

398 Richmond Street
London East, Middlesex, ON, N6A 3C7

Sale Of Business
TRREB
MLS® Number: X13030498
$999,999List Price
Sale Of BusinessProperty Type
3,203 sq ftSize
$9,787 / 2025Taxes (Annual)
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Listing History

Buy/sell history for 398 Richmond Street, London East, ON N6A 3C7

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Description

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.

Features

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Amenities

No amenities available

Summary

Tax (Annual):$9,787 / 2025
Listing #:X13030498
Property Type:Sale Of Business
Size:3,203 sq ft
Land Size:24.05 x 54.51
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE TRILAND REALTY

Rooms

Details

Property

Property Type:Sale Of Business
Community:East K
Municipality:Middlesex

Building

Size:3,203 sq ft

Inside

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

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Closed

Land

Cross Street:Richmond and Dundas

$999,999

List price

398 Richmond Street, London East – Sale Of Business for sale · MLS® # X13030498