398 RICHMOND STREET, London East (East K)

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  • November 10, 2026
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For sale Active MLS® X13660732

398 RICHMOND STREET

London East (East K), Ontario N6A3C7

$885,000
  • 3203 sqft
  • Retail

Listed by ROYAL LEPAGE TRILAND REALTY

Property typeRetail
Lot size24.05 x 54.51 FT
Annual taxes$9,787
Listed onAug 11, 2026

Description

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. (id:37124)

Property details

Price$885,000
StatusActive
TransactionFor sale
Property typeRetail
Living area3203 square feet
Lot size24.05 x 54.51 FT
Frontage24
ZoningDA1
HeatingForced air, Natural gas
CoolingFully air conditioned
WaterMunicipal water
Annual taxes$9,787
Listed onAug 11, 2026
MLS® numberX13660732

Location

All listing details (30)
Business TypeRetail and Wholesale
CityLondon East (East K)
City RegionEast K
CoolingFully air conditioned
CountryCanada
DirectionsRichmond and Dundas
Fireplace YNNo
Frontage Length Numeric24
Frontage Length Numeric Unitsfeet
Geocode Manual YNNo
HeatingForced air, Natural gas
Internet Address Display YNYes
Internet Entire Listing Display YNYes
List AORLondon and St. Thomas
List Price885000
Living Area3203
Living Area Unitssquare feet
Lot Size Dimensions24.05 x 54.51 FT
Original Entry Timestamp2026-08-11T12:20:37.99Z
Photos Count43
Postal CodeN6A3C7
Property Sub TypeRetail
Standard StatusActive
State Or ProvinceOntario
Street NameRichmond
Street Number398
Street SuffixStreet
Tax Annual Amount9787
Water SourceMunicipal water
Zoning DescriptionDA1

Listing courtesy of

Listing brokerage

ROYAL LEPAGE TRILAND REALTY

103-240 WATERLOO STREET, LONDON, Ontario

519-672-9880

Listing agent

SATYAM PRASHAR

226-886-2626

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