673 Richmond Street #1-3
London East, N6A 5M1·MLS® X13411650·
Listing courtesy of Re/max Centre City Realty INC.·Updated yesterday
Listing price
$399,000
Est. $1,900/mo
Days on market
Listed Jun 7, 2026
Description
London's premier art studio is in its 31st year of operation. The retail area houses over 3,600 square feet of art supplies, frames, framed pictures and a custom-framing workshop. The store caters to both beginners and professionals. Bijan's employees all have extensive art backgrounds and are extremely knowledgeable about the store's products. Excellent sales and profits. Owner is planning to retire and will provide extensive training to a new owner. Information package available to interested parties
Property details
Parking
5 spaces
Type
Sale Of Business — Without Property
Heating
Gas Forced Air Open
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London East, ON
Small historic neighbourhood along the Thames River west of downtown with heritage homes.
Monthly payment estimate
Land transfer tax
Ontario LTT
$4,460
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Market conditions · East F
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$1,596
Rental yield
4.8%
Est. cash flow
-$1,070
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$99,959
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$383,040
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