2186 Eglinton Ave W
Toronto, M6E2L1
For Sale
$1,590,000
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➧
Store With Apt/Office
CATEGORY2,000 Sq Ft
TOTAL AREAW9363554
MLSIDContact Us
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.
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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 Details
Category
Store With Apt/Office
Zoning
Cr2.5 Commercial/Residential
Total Area
2,000 Sq Ft
Office/Apartment Area
1,000 Sq Ft
Retail Area
1,000 Sq Ft
Lot Size
17' x 72'
Taxes
$7,175 (2024)
Parking Spaces
1
Washrooms
5
Air Conditioning
Yes
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Listing contracted with Real One Realty Inc.
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