605-607 Richmond Street
London East, ON
- 9,320 sqft
- Investment
- 160 days on market
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 cash flow, asset appreciation, and future redevelopment potential. Breakdown of Commercial/Residential: 4 Commercial Units/Tenants - Total of 3,500 SF among the commercial tenants. 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: 0.97 acres. Asking Price: $3,600,000. Steady Income year to year. $230,000 Net Income/Year. Full Sale Package Addresses: 605-607 Richmond Street and 208 Central Avenue, London.
Listing Details
- Taxes (2025)
- $35,316
- Listed
- March 23, 2026
Price History
Property
- Lot Size
- 68.96 x 123.29 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Located directly at the corner of Richmond Street and Central Avenue
- Zoning
- BDC(1)
- Parcel Number
- 082630069
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Rental Items
- Hot Water Heaters
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
- $462,500
- Homes sold
- 1,302
- Median days on market
- 24
- Sale-to-list price
- 97.0%
Based on 1,302 recorded sales of commercial properties in London East over the last 12 months.
Listed by
CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 9,320 sq ft
- Price per sq ft
- $386.27
- Annual property tax
- $35,316
- Tax per sq ft
- $3.79
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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