642 Richmond Street
London East, ON
- 3,286 sqft
- Commercial Retail
- 289 days on market
642 Richmond Street offers a prime mixed-use opportunity that is ideal for both investors and owner occupiers in the heart of Richmond Row. The site is high exposure and is visible to over 25,000 cars a day. The property features a 1,088 sf main floor commercial space, an870 sf lower level, and a leased 664 sf second-floor apartment generating $1,900/month. A third-floor loft remains undeveloped, offering future potential. Rear laneway access connects to Wellington Street and provides 2-3 parking spaces.
Listing Details
- Taxes (2024)
- $16,995
- Originally Listed
- $679,999
- Listed
- November 17, 2025
Price History
Listing history
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Property
- Lot Size
- 25 x 87 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- John St & Richmond St
- Zoning
- BDC (1)
- Possession
- Immediate
- Occupancy
- Vacant
Commercial
- Office / Apartment Area
- 3286 Sq Ft
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,318
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,318 recorded sales of commercial properties in London East over the last 12 months.
Listed by
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 3,286 sq ft
- Price per sq ft
- $202.37
- Annual property tax
- $16,995
- Tax per sq ft
- $5.17
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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