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$885,000

Map

398 Richmond Street

East K, London East, Ontario N6A3C7

For sale· Added

3,203 sqft

About this property

ONE PROPERTY. MULTIPLE INCOME STREAMS. PRIME DOWNTOWN LOCATION. An opportunity designed to get an investor's attention. This three-storey mixed-use property is ideally positioned just steps from Fanshawe College, Dundas Place, Budweiser Gardens, and Covent Garden Market, offering exceptional visibility, foot traffic, and long-term potential. The 1,330 sq. ft. main-floor commercial space is home to a well-established convenience store, successfully owner-operated since 1997, with strong goodwill and a loyal customer base. The business is listed separately and may be purchased with the building for the right buyer. Above are two spacious 3-bedroom residential units of approximately 1,093 sq. ft. and 963 sq. ft., providing additional rental income potential. With zoning allowing uses including retail, café, restaurant, bar, and personal services, the possibilities are broad. Three floors. Multiple revenue streams. One prime downtown address. Whether you're looking to maximize rental income, operate a business, or build a flexible investment portfolio, this property gives you the opportunity to do it all under one roof.

Location

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Property details

Listing

MLS® number
X13660732
Added
Aug 11, 2026 ()
Updated
Aug 11, 2026 ()
Info refreshed

Overview

Property type
Retail

Inside

Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Fireplace
No

Land

Lot size
24.05 x 54.51 ft
Zoning
DA1

Services

Water
Municipal water

Location

Cross streets
Richmond and Dundas

Running costs

Annual property tax
$9,787

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$885,000
398 Richmond Street
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