723-727 Richmond ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N6A 3H2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,900 sqft
Price per Sqft $242
Subdivision East F
MLS Listing ID X12240749
Annual Tax Amount $31,166
Tax Year 2025
Property Sub-Type Investment
Property Description
Prime Residential / Commercial Investment Opportunity. Seize this rare opportunity to own a premium corner property at Richmond Street & Piccadilly Street, one of downtown London's most vibrant and high-traffic corridor, is just steps south of Oxford street in the heart of Richmond Row. This exceptional offering includes two--storey mixed-use buildings featuring main-level commercial retail units and second-floor residential apartments. The property is 100% leased, delivering consistent annual income with solid tenant mix and long-term upside. Ideal for investors seeking cash flow, asset appreciation, and future redevelopment potential. Breakdown of Commercial / Residential: 5 Commercial Units / Tenants - Total of approx. 4,950 SF among the commercial tenants. 7 Residential Apartment Units (2 Bachelor Units & 5 - 1 Bedroom Units). Commercial Tenants include: Banh Mi Restaurant, Cell Phone Repair, Boxwoods Flower Shop, Cafe tenant and Bella Vida Beauty Salon. On-site parking. Site Area: approx. 0.187 acres. Asking Price: $2,400,000. Steady Income year to year. Approx. $130,000 Net Income/Year. Full Sale Package Addresses: 723-727 Richmond Street and 214 Piccadilly Street, London.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Zoning BDC(1)
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 65.96
Lot Depth 123.29
Others
Security Features No