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$2,400,000
Est. payment /mo
9,900 SqFt
UPDATED:
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
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Listed by CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO