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$ 1,590,000
Est. payment | /mo
5 Baths
2,000 SqFt
$ 1,590,000
Est. payment | /mo
5 Baths
2,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $795
Subdivision Briar Hill-Belgravia
MLS® Listing ID W9363554
Originating Board Toronto Regional Real Estate Board
Property Description
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. (id:24570)
Location
Province ON
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Sewer Sanitary sewer
Listed by REAL ONE REALTY INC.
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