03-148 Spadina Avenue, Toronto | Image 1

03-148 Spadina Avenue

Toronto, Waterfront Communities C01

  • Commercial

$150,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Convenience/Variety

  • Zoning: Commercial

  • Age: No Data

  • MLS®#: C11963265

  • Added: Feb 07, 2025 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: EXP REALTY

Location!!! Location!!! Location!!! Great Opportunity To Own This Amazing INS Market Franchise Business at Spadina Ave & Richmond St. W. In the Heart Of Downtown Toronto! Busy Chinatown Intersection With Very High Foot Traffic, TTC At The Doorstep, And New Subway Station Being Built Right Across! Surrounded By High Profiles Restaurants, Hotels And Office Buildings. Loyal Customers For Years. Making Money! Low Monthly Rent of Roughly $6000 Including TMI and Utilities. Monthly Sales Of About 66k to 70k Including Lotto (per seller). Weekly average sales of 17k and Daily Average Sales $2500 to $3000 Including Lotto (per seller). Lotto Commission Between $2500 - $4000/ month Pays More Than Half of The Rent!!!. Inventory Top Up / Replenishment of About $1500 Bi-Weekly. Lease Has More Than 3 Years Left Until May 22, 2028 Renewable for Another 5 Years And So On (New Owner To Discuss Lease Extension Options With Landlord). Large Area of 711 sq. Comes With Employees Washroom And Extra Storage For Cigarettes And Others. Opportunity To Make Even More Money By Adding Alcohol Sale! Don't Miss This Fantastic, Once In A Lifetime Opportunity To Be Your Own Boss At An Amazing Location Which Matters A Lot!!!

Property

  • Status: Sale

  • Type: Convenience/Variety

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: Waterfront Communities C01

  • Availability Date: ASAP

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Elec Forced Air

  • Water Supply: Municipal

Parking

  • Garage Type: Reserved/Assignd

  • Covered Parking Spaces: 1

Fees

  • Tax Year: 2024

  • Taxes Type: T.M.I.

Land

  • Cross Street: Spadina Ave/Richmond

  • Municipality District: Toronto C01

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 1

  • Retail Area: 711

  • Retail Area Metric: Sq Ft

  • Total Area: 711

  • Total Area Metric: Sq Ft

  • Hours Open: 9AM-9PM

  • Office Size Metric: Sq Ft

  • Days Open: 7

  • Franchise: Y

  • Tangible Property Included: Y

  • Lot Code: Building

  • Seats: 1

  • Business/Building Name: THE MORGAN

  • Financial Statement: Y

  • LLBO: N

Map of 03-148 Spadina Avenue, Toronto
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