$885,000
398 Richmond Street, London East, ON N6A 3C7
East K
Listing courtesy of ROYAL LEPAGE TRILAND REALTY
East K · N6A 1G7
$895,000
$200 / sq ft19 months on market
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$885,000
East K
Listing courtesy of ROYAL LEPAGE TRILAND REALTY
Welcome to a premier investment opportunity in the heart of London! This Licensed, mixed-use property features three well-appointed residential units (LEASED), a prime main -floor commercial space (LEASED), and a potential basement commercial unit, offering a rare blend of residential and commercial income streams. Situated on the highly sought-after "My Dundas Place" corridor, this property is perfectly positioned for both immediate returns and long-term growth. The residential units, thoughtfully configured, ensure high demand and quick occupancy. Notable upgrades include a newer furnace for the commercial unit, modern mini-split systems in residential units 2 and 3, a partially replaced roof, a comprehensive video surveillance system, electronic door locks for each unit, and currently has a rental license. This turnkey property is an investor's dream, combining functionality, location and profitability in one exceptional package.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced in line with comparable listings — about 60% of comparable retail listings in East K are asking less.
Based on 15 comparable active retail listings in East K. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $895,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of THRIVE REALTY GROUP INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
$999,900
East K
Listing courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC.