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

October 2, 2024

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.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 2:28 AM UTC, 10/2/2024

 

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