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$ 3,600,000
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New
605-607 Richmond ST London East, ON N6A 3G3
9,320 SqFt
UPDATED:
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
State 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
Listed by CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO