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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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398 Richmond Street London
For SaleLondon East

398 Richmond Street London, Commercial Retail for Sale

MLS® X13660732

London, ON

89 days on market
$885,000
Show on Map
Show on Map
N/ABeds
N/ABaths
3,203Sqft
N/AParking
Commercial Retail

Overview· 398 Richmond Street London

MLS® #X13660732

ONE PROPERTY. MULTIPLE INCOME STREAMS. PRIME DOWNTOWN LOCATION. An opportunity designed to get an investor's attention. This three-storey mixed-use property is ideally positioned just steps from Fanshawe College, Dundas Place, Budweiser Gardens, and Covent Garden Market, offering exceptional visibility, foot traffic, and long-term potential. The 1,330 sq. ft. main-floor commercial space is home to a well-established convenience store, successfully owner-operated since 1997, with strong goodwill and a loyal customer base. The business is listed separately and may be purchased with the building for the right buyer. Above are two spacious 3-bedroom residential units of approximately 1,093 sq. ft. and 963 sq. ft., providing additional rental income potential. With zoning allowing uses including retail, café, restaurant, bar, and personal services, the possibilities are broad. Three floors. Multiple revenue streams. One prime downtown address. Whether you're looking to maximize rental income, operate a business, or build a flexible investment portfolio, this property gives you the opportunity to do it all under one roof.

Broker

ROYAL LEPAGE TRILAND REALTY

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Walk Score®80Very WalkableVery Walkable
Transit Score®73Excellent TransitExcellent Transit
Bike Score®80Very BikeableVery Bikeable
Schools789 schools within 1.5 km · nearest 437 m9 schools within 1.5 km · nearest 437 m
Parks8213 parks within 1 km · nearest 246 m13 parks within 1 km · nearest 246 m
Convenience9439 groceries, cafes and pharmacies within 1 km · nearest 130 m39 groceries, cafes and pharmacies within 1 km · nearest 130 m
Safety—Crime data covers Toronto onlyCrime data covers Toronto only

Highlights & Amenities· 398 Richmond Street London

Source: MLS® listing data
398 Richmond Street London

Commercial Retail

398 Richmond Street London

London East

Type

Commercial Retail

Parking

None

Property Tax

~$9,787/yr

Heating

Gas Forced Air Closed

Buying Essentials

Square Feet

3203 sqft

Parking

None

Finances

List Price

$885,000

Price per SQFT

$276/sqft

Property Tax

~$9,787/yr

Property Specs

Property Type

Commercial Retail

MLS Size

3203 sqft

Living & Amenities

Heating Type

Gas Forced Air Closed

Policies & Utilities

Neighbourhood

London East

Listed On

Aug 10, 2026

Price & Listing History

Days on Market

Current: 89 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$3,560/mo
Property Tax$816/mo
Total Monthly$4,375

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0