Active
2186 Eglinton Ave W
Toronto Ontario, M6E 2L1
C$1,590,000
Active
5 Baths
Commercial
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.
W9363554
MLSⓇ ID
January 21, 2025
Updated
Map
2186 Eglinton Ave W
Toronto Ontario, M6E 2L1
Interior Features
Total Bathrooms
5
Fireplace
No
Cooling
Yes
Cooling Description
Y
Heating
Yes
Heating Description
Gas Forced Air Open
Exterior/Building Features
Lot Size
0.03 Acres
Sewer
Sanitary
Other Property Details
Area Name
Briar Hill-Belgravia
Taxes
$7,175
Tax Frequency
Annually
Garage
No
Parking
Outside/Surface
Parking Total
1
View
No
County
Ontario
Municipality
Toronto
Water Source
Municipal
Pool
No
Zoning
CR2.5 Commercial Residential
Courtesy of Listed by , REAL ONE REALTY INC.,
Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 10:01 PM UTC, 1/21/2025