Added 4 months ago
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Type: Store W/Apt/Office
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Property Type: Commercial
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Zoning: CR2.5 Commercial
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Age: No Data
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Taxes: 7175.27
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MLS®#: W9363554
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Days on Site: 139 Days
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Added: Sep 23, 2024 (4 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: REAL ONE REALTY INC.
Amazing retail/residential property in a densely populated area of York. Its a short 5-minute walk to the newly under-construction subway station. The second floor, measuring approximately 1,000 square feet, consists of four separate bedrooms, a kitchen, and a bathroom, currently rented out for $2,850 per month. The first floor houses the convenience store, measuring approximately 1,000 square feet. The finished basement, measuring approximately 1,000 square feet, includes a kitchen and three separate bedrooms, each with its own bathroom, rented out for $2,100 per month. The convenience store generates approximately $6,000 in weekly sales. Cigarette sales account for roughly 70% of revenue, while groceries make up about 30%. Annual lottery commission stands at $31,069. The store's current operating hours are Monday to Saturday, 9 AM to 8 PM, and Sunday, 9 AM to 6 PM (relatively short hours). The current owner has operated the store for 15 years and is looking to retire. A new owner could increase sales by expanding operating hours and introducing new products and services, such as applying for a liquor license to sell alcohol or adding electronic cigarettes. There is significant potential for sales growth. The new owner can choose to operate the convenience store themselves or lease it out, with a potential monthly gross rent of $3,000. This is an exceptional investment opportunity with a high return on investment. **EXTRAS** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.
Extras
All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.
Property
Status: Sale
Property Type: Store W/Apt/Office
Property Type: Store With Apt/Office
Area: Toronto
Community: Briar Hill-Belgravia
Availability Date: TBD
Inside
Bathrooms: 5
Air Conditioning: Y
Washrooms: 5
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Freestanding: N
Outside Storage: N
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 1
Fees
Tax Year: 2024
Tax Legal Description: PT LT 266 PL 1855 TWP OF YORK AS IN TB37795 (FIRSTLY ),S/T & T/W
Taxes: $7,175
Taxes Type: Annual
Land
Cross Street: Eglinton Ave W & Cal
Municipality District: Toronto W04
Parcel Number: 104840033
Sewer: Sanitary
Lot Depth: 72 Feet
Lot Frontage: 17.16 Feet
Zoning: CR2.5 Commercial
Commercial Specific
Retail Area: 1000
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 2000
Total Area Metric: Sq Ft
Office Size: 1000
Office Size Metric: Sq Ft
Lot Code: Lot
F H Miller Junior Public School
Elementary: PublicFairbank Memorial Community School
Elementary: PublicFairbank Public School
Elementary: PublicSt John Bosco Catholic School
Elementary: CatholicSilverthorn Community School
Elementary: PublicSt Nicholas of Bari Catholic School
Elementary: CatholicVaughan Road Academy
Secondary: PublicYorkdale Secondary School
Secondary: PublicGeorge Harvey Collegiate Institute
Secondary: PublicBlessed Archbishop Romero Catholic Secondary School
Secondary: CatholicYork Memorial Collegiate Institute
Secondary: PublicDante Alighieri Academy
Secondary: Catholic
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