UNIT B - 362 RICHMOND STREET, London East (East K)

$1,950/mo

For rent: Other

Other at UNIT B - 362 RICHMOND STREET, London East (East K)
Property type
Commercial Retail
MLS®
MLS® X13014152
Neighbourhood
East K

Excellent opportunity to lease approximately 1,550 sq ft of main level retail space located on Richmond Street, just steps from the high-traffic intersection of Richmond St & King St in the heart of downtown London. This central location offers strong exposure along one of the city's busiest corridors, with Richmond Street traffic volumes estimated at approximately 27,000-28,000 vehicles per day, plus steady pedestrian and transit activity. The space offers a functional open layout suitable for a variety of commercial uses, positioned within a high-density downtown environment surrounded by retail, restaurants, offices, and entertainment, including Covent Garden Market and Budweiser Gardens. Serviced by multiple London Transit routes, providing convenient access for both customers and staff. Ideal for retail, service-based businesses, or professional uses seeking an affordable downtown presence with consistent traffic flow and proximity to key amenities. the space is not currently restaurant ready but is an excellent location for a tenant looking for a space to make their own! Maintenance, utilities, and HST in addition to base rent. Flexible possession available.

Sold data

Homes in East K — recent sold market

Homes in East K took a median of 39 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 80, across 79 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.

The median sale price was $319,900.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 34% of sellers reduced their price before finding a buyer.

Median days to sell
39
Median sale price
$319,900
Sale-to-list ratio
95.9%
Sold above asking
9%

Based on 79 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East K)

London East (East K) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East K)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near UNIT B - 362 RICHMOND STREET