We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estate sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
376 RICHMOND STREET, London East (East K)
2026-06-17
Quick Summary
- Location
- 376 RICHMOND STREET, London East (East K), Ontario N6A3C7
- Price
- $6,600,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 5000 - 100000 sqft
- Bedrooms:
- 23
- Bathrooms:
- 23
MLS®#X13451376
Property Description
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:32467)
Property Features
Building
- Basement Type: None
- Cooling Type: None
- Exterior Finish: Concrete
- Fireplace: No
- Interior Size: 5000 - 100000 sqft
- Building Type: Other
- Stories: 3
- Utility Water: Municipal water
Land
- Land Size: 44.8 x 100 FT ; 109.99 ft x 44.79 ft x 99.86 ft x 4.88
- Sewer: Sanitary sewer
Information entered by THE AGENCY REAL ESTATE
Listing information last updated on: 2026-06-18 00:52:43
Book your free home evaluation with a 1% REALTOR® now!
How much could you save in commission selling with One Percent Realty?
Slide to select your home's price:
$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
Yes, yes, and yes.
Learn more about the One Percent Realty Deal