haho.ca
$149,900
For sale

766 Adelaide Street North, London East (East G) - Business for Sale

766 Adelaide Street North, London East (East G), Ontario, N5Y2L6

1 bathListed 231 days ago
Overview

This business in London East is for sale.

Description

Operating successfully since 1995, The Art Bank is a recognizable and reputable art gallery and custom framing business located at a prominent, high-traffic corner with exceptional visibility from multiple directions. Positioned at a major intersection, the business benefits from strong exposure and prominent signage that attracts both local and passing clientele. The impressive retail space features soaring 16-foot ceilings, ideal for displaying even the largest canvases, while expansive windows flood the gallery with natural light, creating an open, inviting atmosphere for customers and collectors alike. The main floor offers over 1,500 square feet of retail space, complemented by a lower-level workshop and additional storage areas that support the business' multiple revenue streams. Adding to the character and versatility of the property are two unique bank vaults, offering creative potential for storage, private display areas or imaginative adaptive reuse. The abundance of space lends itself to a variety of opportunities such as private paint workshops, stained glass classes, or other artistic events that can further expand income potential. The business has built a strong reputation for its extensive collection of artwork, giftware, and professional custom framing services, serving both corporate and private clients. All inventory, framing equipment, and supplies are onsite and included, making this a true turnkey opportunity for a new owner to step in and continue operating immediately. Convenient parking on the south and east sides accommodates several vehicles for customers and staff. A rare opportunity to acquire a well-established creative business with strong visibility, character-filled space, and multiple avenues for growth. (id:66096)

Property Details

MLS®
X12904956
Property Type
Business
Zoning
AC4
Bathrooms
1
Heating
Forced air, Natural gas, Radiator
Cooling
Fully air conditioned
Listed
231 days ago

Features

Lot Features
Irregular lot size

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
231d
London East (East G) listings, avg age
70d
List price
$150K

Long Listed: 231 days on market, against an average age of 70 days across the listings currently for sale in this city

Haho

This business in London East (East G) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by ROYAL LEPAGE TRILAND REALTY · ROGER CARANCI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Y)

This home lists at $149,900, about 2.4× the local median household income of $63,600.

Carrying it typically needs a household income of about $29,281 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income
$63,600
Population
35,934
Median age
35.6
Owner / renter
45% / 55%
Avg. household size
2.3

Source: Statistics Canada, 2021 Census (FSA N5Y)

$149,900
For sale

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Financing

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$149,900

London East

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