Added 2 weeks ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Convenience/Variety
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Zoning: C1
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Age: 100+ years
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Taxes: 2105
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MLS®#: X9392282
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Added: Oct 11, 2024 (2 weeks ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: HOMELIFE LANDMARK REALTY INC.
A fantastic opportunity to own your own business along with the property!!! This well-established and comfortable store enjoys steady sales and income, well-known to locals and the surrounding cottage/vacation community. The upper space can be utilized for either storage or a residential unit. No Basement.4 AC (3 unit-AC with Heater) - 2 from the previous owner (1 is about 6 years old) and 2 additional AC with Heater installed in 2023. Front door and security bars (2018), Roof (2016). The building also offers private parking with space for 6-8 vehicles behind the building. 2 separate entrances and has a lot of potential for Shop in shop (such as a Vape shop, LCBO, Bitcoin, or gift items). The current owner also operates a flower business from mid-April to May only, adding an additional seasonal revenue stream.
Extras
Ave Weekly Sale $8431, Cigarette about 60% (Margin 18%), other products about 40% margin. Lotto Comm $3100/M, Cleaning Depot $50/M. Monthly Net Income Approx. $ 10,866/month As Per Seller.
Property
Status: Sale
Type: Convenience/Variety
Property Type: Sale Of Business
Property Type: With Property
Age: 100+
Area: West Elgin
Community: Rodney
Availability Date: TBA
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Forced Air Closd
Elevator: None
UFFI: No
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: None
Covered Parking Spaces: 8
Fees
Tax Year: 2024
Tax Legal Description: PT LT 1 (FORMERLY LT 6 CON 8), 2 (FORMERLY LT 6 CON 8) BLK B PL
Taxes: $2,105
Expenses: Est
Insurance Fee: 6108
Heat Expenses: 960
Other Expenses: 4824
Taxes Type: Annual
Taxes: 2105
Tax Year: 2023
Water Fees: 840
Land
Cross Street: Queen St & Furnival
Municipality District: West Elgin
Parcel Number: 351050203
Sewer: None
Lot Depth: 122 Feet
Lot Frontage: 39 Feet
Zoning: C1
Shipping Doors
Clearing Height (ft): 8
Commercial Specific
Rail: N
Retail Area: 1300
Retail Area Metric: Sq Ft
Total Area: 4768.41
Total Area Metric: Sq Ft
Hours Open: 12
Area Influence: Major Highway
Area Influence: Rec Centre
Days Open: 7
Franchise: N
Tangible Property Included: Y
Crane: N
Lot Code: Lot
Survey: N
Soil Test: N
Business/Building Name: Marg's Variety
Financial Statement: Y
LLBO: N
St Charles Separate School
Elementary: CatholicSt Mary's
Elementary: CatholicMosa Central Public School
Elementary: PublicAldborough Public School
Elementary: PublicDunwich-Dutton Public School
Elementary: PublicEkcoe Central School
Elementary: PublicGlencoe District High School
Secondary: PublicRidgetown District High School
Secondary: PublicWest Elgin Secondary School
Secondary: PublicBlenheim District High School
Secondary: PublicHoly Cross Catholic Secondary School
Secondary: CatholicStrathroy District Collegiate Institute
Secondary: Public
