$999,999
398 Richmond Street, London East, ON N6A 3C7
London East
- Square feet
- 3,203
- Type
- Sale Of Business
About this listing
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.
Property details
- Price per sqft
- $312
- Days on market
- 2 days
- Property taxes
- $9,787/yr (2025)
- Lot size
- 24.05 × 54.51 Feet
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Payment calculator
- Mortgage amount
- $799,999
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Location
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 398 Richmond Street, London East, ON N6A 3C7
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MLS# X13030498
Listed by ROYAL LEPAGE TRILAND REALTY
On market since Apr 22, 2026
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About 398 Richmond Street, London East, ON N6A 3C7
How much is 398 Richmond Street, London East, ON N6A 3C7?
398 Richmond Street, London East, ON N6A 3C7 is listed for $999,999 CAD.
What type of property is 398 Richmond Street, London East, ON N6A 3C7?
398 Richmond Street, London East, ON N6A 3C7 is a Sale Of Business, 3,203 sq ft.
What neighbourhood is 398 Richmond Street, London East, ON N6A 3C7 in?
398 Richmond Street, London East, ON N6A 3C7 is in London East, Ontario.
Is 398 Richmond Street, London East, ON N6A 3C7 for sale or for rent?
398 Richmond Street, London East, ON N6A 3C7 is currently for sale.
What are the property taxes on 398 Richmond Street, London East, ON N6A 3C7?
The annual property taxes on 398 Richmond Street, London East, ON N6A 3C7 are approximately $9,787 CAD.
How do I book a showing for 398 Richmond Street, London East, ON N6A 3C7?
Contact Alex Morgan at +16471112222 to arrange a private showing of 398 Richmond Street, London East, ON N6A 3C7 (MLS# X13030498). You can also send a message through the contact form on this site.