478-484 Richmond Street, London East (East F) - Business for Sale
478-484 Richmond Street, London East (East F), Ontario, N6A3E6
This business in London East is for sale offering roughly 11,078 sq ft of space. It has been on the market 33 days, fresher than the London East average of 73 days.
Description
Excellent opportunity to acquire a well-maintained 11,078 SF commercial property in the heart of downtown London at Richmond Street and Dufferin Avenue, overlooking Victoria Park. Zoned DA2 with on-site parking, the property permits a wide range of uses including retail, restaurants, offices, clinics, medical/dental, schools, art galleries, assembly halls and commercial recreation. The building is occupied by established tenants including Commonwealth Coffee, Stobie's Pizza, Roli Poli Ice Cream and Umiga Sushi, all secured on leases, while the vacant 5,777 SF second floor offers freshly updated office space ideal for an owner-user. Seller can provide a one year lease if desired. A strong opportunity for both owner-users and investors seeking a prominent downtown asset with existing income and long-term flexibility. Current NOI of $253,327.86 (id:66096)
Property Details
- MLS®
- X13853296
- Property Type
- Business
- Zoning
- DA2
- Interior Size
- 11,078 ft²
- Frontage
- 71 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $34,676/yr
- Listed
- 33 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 33 days on market, against an average age of 73 days across the listings currently for sale in this city
This business in London East (East F) has been listed for 33 days, which is 40 days fresher than the city average of 73. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N6A)
- Median household income
- $61,200
- Population
- 13,810
- Median age
- 34
- Owner / renter
- 29% / 71%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA N6A)
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$1
London East