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Home ON Greater London London Central London
605-607 RICHMOND STREET
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605-607 RICHMOND STREET $3,600,000
4 days ago
$3,600,000
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605-607 RICHMOND STREET
London East (East F), Ontario N6A3G3

MLS® Number: X12240651

Listing 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. (40751018)

Location Description

Central Avenue

Property Summary

Property Type
Business
Community Name
East F
Land Size
0.125 ac
Annual Property Taxes
$35,316.32
Time on REALTOR.ca
4 days

Building

Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Other
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water

Measurements

Square Footage
9320 sqft

Land

Lot Features
Frontage
58 ft ,10 in
Land Depth
92 ft ,4 in
Other Property Information
Zoning Description
BDC(1)
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
TYLER DESJARDINE