478-484 Richmond Street

About this home

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

Details

Type

Investment

Lot

71.86 × ? ft

Garage

Outside/Surface

Property tax

$34,676 (2025)

Neighbourhood

East F

Municipality

London East

Heating, cooling and services

Heating

Gas Forced Air Closed

Air conditioning

Yes

Utilities

Yes

Building and exterior

Building area

11,078 Square Feet

More

Possession

Flexible

Cross street

Dufferin Ave