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    376 Richmond Street, London East, ON N6A 3C7

    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    376 Richmond Street, London East, ON N6A 3C7
    For Sale Active Residential Freehold

    376 Richmond Street, London East, ON N6A 3C7

    $6,600,000

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    376 Richmond Street, London East, ON N6A 3C7, London East, ON
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      Bed 23
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      Bath 23

    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.

    Property Highlights

    For Sale
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      MLS NO.

      X13451376

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      Type

      Residential Freehold

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      Sub Type

      Multiplex

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      Bedrooms

      23

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      Bathrooms

      23

    Complete Property Details

    Property Type Residential Freehold
    Sub Type Multiplex
    Transaction Type For Sale
    Status Active
    Contract Status Available
    MLS® Number X13451376
    Living Area Range 5000 +
    Total Bedrooms 23
    Bedrooms Above Grade 23
    Total Bathrooms 23
    Total Kitchens 23
    Kitchens Above Grade 23
    Rooms Above Grade 23
    Interior Features None
    Fireplace No
    Central Vacuum Yn No
    Construction Concrete, Other
    Roof Flat
    Lot Width 44.75
    Lot Size Units SquareFeet
    Parking Total 0.0
    Covered Spaces 0.0
    Garage Type None
    Garage No
    Pool None
    Direction Facing East
    Cooling None
    Heat Source Gas
    Heat Type Forced Air
    Internet Address Display Yn Yes
    Internet Entire Listing Display Yn Yes
    Full Address 376 Richmond Street, London East, ON N6A 3C7
    City London East
    Neighbourhood East K
    County / Region Middlesex
    Province / State ON
    Postal Code N6A 3C7
    Cross Street Richmond Street and King Street
    Directions Richmond Street and King Street
    Country CA
    List Price $6,600,000
    Annual Taxes $45,796
    Tax Year 2025
    Legal Description PT LT 10, N/W KING STREET, AS IN 721390; S/T & T/W 721390; LONDON; SUBJECT TO AN EASEMENT IN FAVOUR OF PART LOTS 5 & 6 WEST SIDE WARNCLIFFE AS IN YA614, YA819, YA3852, B38560 AND LM29; PART LOTS 25, 26, 27, 28, 29 & 30 SOUTH SIDE EVERGREEN AVENUE PLAN 63(4TH) LOT 23 & 24 SOUTH SIDE EVERGREEN AVENUE PLAN 311(4TH); LOT 17 SOUTH SIDE EVERGREEN AVENUE PLAN 311(4TH) EXCEPT YB31662; LOT 18 SOUTH SIDE EVERGREEN AVENUE PLAN 311(4TH) EXCEPT YB36859; LOTS 19, 20, 21, & 22 SOUTH SIDE EVERGREEN AVENUE.
    Possession Type Immediate
    Possession Details Immediate
    Listing Office THE AGENCY REAL ESTATE
    Board London and St. Thomas Association of REALTORS
    Original Entry 2026-06-16T16:35:35Z
    Media Updated 2026-06-16T16:35:35Z
    Photos Updated 2026-06-16T16:35:35Z
    Last Modified 2026-06-18T00:08:15Z
    System Modified 2026-07-06T21:36:21.686859Z
    MLS Status New
    Architectural Style 3-Storey
    Basement None
    Co List Office Name THE AGENCY REAL ESTATE
    Ddfyn Yes
    Expiration Date 2026-11-02
    Foundation Details Concrete
    Heat Source Multi Gas
    Heat Type Multi Forced Air
    Hstapplication Included In
    Occupant Type Tenant
    Originating System Id A00001796
    Parcel Number 083210076
    Parking Spaces 0
    Public Remarks 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.
    Showing Requirements Showing System
    Street Name Richmond
    Street Number 376
    Street Suffix Street
    Vendor Property Info Statement No
    Washrooms Type1 23
    Washrooms Type1 Pcs 4