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421-425 Richmond St

13,191 SF 100% Leased Retail Building London, ON N6A 3C8 $1,177,702 USD ($89.28 USD/SF) 9.47% Cap Rate

Retail Space Ontario London 421-425 Richmond St, London, ON N6A 3C8

INVESTMENT HIGHLIGHTS

  • Heavy Daytime foot Traffic
  • Access to public transit and highway
  • Lots of Natural light

EXECUTIVE SUMMARY

Located in the heart of downtown London, 421-425 Richmond Street is a fully tenanted, mixed-use commercial property that presents an exceptional investment opportunity. Zoned DA1, this turn-key building offers 1,875 square feet of commercial space, featuring two commercial units and eight residential units. Each residential unit is equipped with separate hydro meters and hot water tanks, with four units recently upgraded to market rent, while the remaining four offer additional value-add potential. Generating a gross annual rental income of $160,869, the property provides a strong return on investment. Positioned in a high-traffic area, it is within walking distance of shops, restaurants, public transportation, VIA Rail, Canada Life Place, Victoria Park, and Covent Garden Market. As part of the Downtown Heritage Conservation District, this property seamlessly blends historical charm with modern investment potential, making it a great opportunity for any investor looking to grow their portfolio.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
13,191 SF
Building Class
C
Year Built
1964
Price
$1,177,702 USD
Price Per SF
$89.28 USD
Cap Rate
9.47%
NOI
$111,510 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.75
Lot Size
0.11 AC
Zoning
DA1 - Downtown Area Zone
1 of 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Tim Hortons
The Works Craft Burgers & Beer
RBC Royal Bank
Wild Wing
Scotiabank
Moxies
Coffee Culture
Crabby Joes
National Bank Financial
Starbucks
(519) 633-0600

CONTACT

  • Listing ID: 34799036

  • Date on Market: 2/12/2025

  • Last Updated:

  • Address: 421-425 Richmond St, London, ON N6A 3C8

The Retail Property at 421-425 Richmond St, London, ON N6A 3C8 is currently available for sale. Contact Royal LePage Triland Realty for more information.

NEARBY LISTINGS

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421-425 Richmond St
(519) 633-0600 x

421-425 Richmond St

Callista Tryon

(519) 633-0600

(519) 633-0600

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