605-607 Richmond St, London East, N6A 3G3

Listing Overview

Description

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 clash flow, asset appreciation, and future redevelopment potential. Breakdown of Commercial / Residential: 4 commercial Units/Tenants - Total of approx. 9,320 SF. 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: approx. 0.097 acres. Asking Price: $3,600,000. Steady Income year to year. Approx. $230,000 Net Income/Year. Full sale Package Addresses: 605-607 Richmond Street and 208 Central Avenue, London.

98 days

On Market

Investment

Property Type

$35,316 / Year

Est. Taxes

Retail

Style

-

Business Type

-

Franchise