



$549,000
London East
356 RICHMOND Street, London East (East K), Ontario, N6A3C3
This retail property in London East is for sale offering roughly 5,200 sq ft of space. It has been on the market 69 days, fresher than the London East average of 86 days.
Approximately 5,200 sq. ft. 3-storey mixed-use property ideally situated on Richmond Street near King Street in the heart of Downtown London. Main floor commercial space with excellent visibility and pedestrian exposure, while the 2nd and 3rd floors offer potential for up to 4 residential units, providing an attractive live/work or investment opportunity. Located just steps from Fanshawe College's Downtown Campus, Canada Life Place, Covent Garden Market, major corporate office towers, hotels, restaurants and downtown amenities. DA1/TSA5 zoning offers a range of potential uses. An excellent opportunity for investors, owner-users and developers seeking a well-located downtown property with significant upside potential. Property only for sale, business not included in sale. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 69 days on market, against an average age of 86 days across the listings currently for sale in this city
This retail in London East (East K) has been listed for 69 days, which is 17 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $549,000, about 9.0× the local median household income of $61,200.
Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 75% above the area median.
Source: Statistics Canada, 2021 Census (FSA N6A)
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