2186 EGLINTON AVENUE W, Toronto, Ontario
$1,590,000
- 5 Baths
- 2,000 Square Feet
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. (id:23309)
- Listing ID: W9363554
- Property Type: Retail
Schedule a Tour
Schedule Private Tour
Scott Brubacher would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Scott Brubacher, who specializes in Toronto real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Scott Brubacher find a property to match your lifestyle.
Listing provided by REAL ONE REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 2186 EGLINTON AVENUE W in Toronto Ontario. It was last modified on September 23rd, 2024. Contact Scott Brubacher to schedule a viewing or to discover other Toronto real estate for sale.