723-727 Richmond Street
London East, ON
9,900 sqft • Investment • 154 days on market
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 a 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 4,950 SF among the commercial tenants. 7 Residential Apartment Units (2 Bachelor Units & 5-1 Bedroom Units). Commercial Tenants include: Banh Ma Restaurant, Cell Phone Repair, Boxwoods Flower Shop, Cafe tenant and Bella Vida Beauty Salon. On-site parking. Site Area: 0.187 Acres, New Improved Asking Price: $2,275,000. Steady Income year to year. $130,000 Net Income/Year. Full Sale Package Addresses: 723-727 Richmond Street and 214 Piccadilly Street, London.
Listing Details
- Taxes (2025)
- $31,166
- Listed
- March 23, 2026
Price History
Property
- Lot Size
- 65.96 x 123.29 Feet
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Located directly at the corner of Richmond Street and Piccadilly Street.
- Zoning
- BDC1
- Parcel Number
- 082620035
- Possession
- Immediate
Commercial
- Occupancy
- Tenant
Included
- Rental Items
- Hot Water Heater
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
- $461,500
- Homes sold
- 1,311
- Median days on market
- 24
- Sale-to-list price
- 97.1%
Based on 1,311 recorded sales of commercial properties in London East over the last 12 months.
Listed by
CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Commercial figures
- Building area
- 9,900 sq ft
- Price per sq ft
- $229.80
- Annual property tax
- $31,166
- Tax per sq ft
- $3.15
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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