ON > Toronto W04
Toronto W04, ON M6E 2L1,2186 Eglinton AVE W
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Toronto W04, ON M6E 2L1,2186 Eglinton AVE W
Toronto W04, ON M6E 2L1,2186 Eglinton AVE W
Toronto W04, ON M6E 2L1,2186 Eglinton AVE W
Toronto W04, ON M6E 2L1,2186 Eglinton AVE W
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,590,000
Est. payment /mo
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2186 Eglinton AVE W Toronto W04, ON M6E 2L1

5 Baths

2,000 SqFt

UPDATED:

09/24/2024 01:36 PM

Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $795

MLS Listing ID W9363554

Annual Tax Amount $7,175

Tax Year 2024

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.

Location

Province ON

County Toronto

Area Briar Hill-Belgravia

Region Briar Hill-Belgravia

City Region Briar Hill-Belgravia

Interior

Cooling Yes

Exterior

Garage Spaces 1.0

Utilities Available Yes

Others

Security Features No

Listed by REAL ONE REALTY INC.
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2186 Eglinton AVE W