London East (East K), ON
398 RICHMOND STREET
$885,000
Listed by
ROYAL LEPAGE TRILAND REALTY
SATYAM PRASHAR, Salesperson
Data last updated Oct 21, 2026, 9:30 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $885,000
- Type
- retail
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- 3,203 sq ft
- MLS®
- X13660732
- Status
- active
- Brokerage
- ROYAL LEPAGE TRILAND REALTY
About this home
Description provided by the listing brokerage
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.