$6,600,000
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376 Richmond Street, London East (east K), ON N6A3C7

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23 Beds
23 Baths
- Sq Ft

Rare chance to acquire a fully repositioned, 23-unit mixed-use loft building in the heart of downtown London with assumable financing available. 376 Richmond Street is a concrete-frame, three-storey building fully converted in 2025, offering a diverse unit mix of studios, one-bedrooms, and one-bedroom-plus-dens, with electricity and water sub-metered directly to tenants, dramatically reducing landlord utility exposure. The property is financed under CMHC MLI Select Level 3 with a 50-year amortization, providing a buyer with long-term, low-cost debt and a clear decision point at mortgage maturity in 2030, at which point the buyer can maintain CMHC financing or exit the covenant and bring all units to market rent. The ground-floor commercial space presents a compelling boutique gym or premium fitness conversion opportunity, with downtown London's growing professional tenant base supporting above-average retail rents. In-place NOI of $311, 093 grows to a market-stabilized $425, 577 as below-market leases roll over on unit turnover. A fully optimized asset, including unit turnover, gym conversion, and covenant exit, represents a great value add strategy. (id:58753)

Listing By: JEFF WYBO - THE AGENCY REAL ESTATE cncrea2 Realty.com
  • MLS® X13451376
  • Date Listed06/16/2026
  • Days on Realty 45 Days
  • Bedrooms 23
  • Bathrooms 23 baths
  • Lot Size -
  • Sewer Other
  • Property Type Other
  • Water Public

Interior Features

  • Cooling None
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Richmond Street and King Street

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N6A3C7

Discover key demographics, population statistics, and environmental insights for the London East (east K), ON area.

Walkability in ON / N6A3C7

Source: Walk Score

68/100

Somewhat Walkable

Walk Score ®

73/100

Excellent Transit

Transit Score ®

87/100

Very Bikeable

Bike Score ®

Overview

Some errands can be accomplished on foot. Transit is convenient for most trips. Biking is convenient for most trips.

Transit Summary

23 nearby routes: 19 bus, 4 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 52/100, Transit Score: 50/100, Bike Score: 60/100.

Points of Interest near 376 RICHMOND STREET, London East (East K), ON N6A3C7

Frequently Asked Questions for 376 RICHMOND STREET

Source: Realty.com

376 RICHMOND STREET, London East (East K), ON N6A3C7 in London East (East K), ON N6A3C7 is a other listed at $6,600,000. Highlights include 23 bedrooms, 23 bathrooms. Realty.ca has 42 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 42 photos of 376 RICHMOND STREET.

The full address for this home is 376 RICHMOND STREET, London East (East K), ON N6A3C7.

376 RICHMOND STREET has been listed on Realty.com since Tue June 16, 2026

Some errands can be accomplished on foot. Transit is convenient for most trips. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 52/100, Transit Score: 50/100, Bike Score: 60/100.

Listing provided courtesy of: THE AGENCY REAL ESTATE
Listing agent: JEFF WYBO

This content last refreshed on 2026-07-31 05:58:10. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.