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$1,590,000
Available - For Sale
Listing ID: W9363554
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.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $79,500 $159,000 $238,500 $318,000
First Mortgage $1,510,500 $1,431,000 $1,351,500 $1,272,000
CMHC/GE $41,538.75 $28,620 $23,651.25 $0
Total Financing $1,552,038.75 $1,459,620 $1,375,151.25 $1,272,000
Monthly P&I $6,647.26 $6,251.44 $5,889.67 $5,447.88
Expenses $0 $0 $0 $0
Total Payment $6,647.26 $6,251.44 $5,889.67 $5,447.88
Income Required $249,272.31 $234,428.97 $220,862.48 $204,295.4

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REAL ONE REALTY INC.

2186 Eglinton Ave West , Toronto, M6E 2L1, Ontario

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Com - Store W/Apt/Office
Area: Toronto
Municipality: Toronto
Neighbourhood: Briar Hill-Belgravia
Style:
Lot Size: 17.16 x 72.00(Feet)
Approximate Age:
Tax: $7,175.27
Maintenance Fee: $0
Beds:
Baths: 5
Garage: 0
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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