$1,590,000 FOR SALE

Commercial/Retail

Lot: 17.08 x 72 ft

2186 Eglinton Avenue W
Toronto (Briar Hill-Belgravia), ON M6E 2L1

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:47423)

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Listed By REAL ONE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W9363554
Last Updated Sep 23, 2024
Property Summary
Property Type Commercial/Retail

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Community Briar Hill-Belgravia
Price History
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Detailed Information
Bathrooms 5
Lot 17.08 x 72 ft
Listing Contract Date 2024-09-23
Location Description Eglinton Ave W & Caledonia Rd
# of Parking Spaces 1
Property Type Retail
Transaction Type For sale
Zoning Description CR2.5 Commercial Residential
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Other
Type Residential Commercial Mix
Utility Water Municipal water
Land
Total Size 17.16 x 72 FT
Sewer Sanitary sewer
Size of Irregular Land 17.16 x 72 FT

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