605-607 Richmond Street, London East, ON Image 1

$3,600,000

Investment For Sale
MLS - #X12240651
18 hours ago- By CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO

605-607 Richmond Street, London East, ON N6A 3G3

Bed
Bath
9320 Sqft.
Outside/Surface Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

9320 Sqft

About 605-607 Richmond Street

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.

Home Overview

Last updated

18 hours ago

Virtual tour

None

Basement information

Building size

9320

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Partial
Heating:Other
Parking Features:N/A
0
Similar Homes Found
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Average Price
360000000.0%
Higher than average

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Walk Score for 605-607 Richmond Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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