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Markham · York Region · Durham · Toronto
Home / Listings / 2480 Gerrard Street E, Toronto, ON M1N 4C3
$99,000

2480 Gerrard Street E, Toronto, ON M1N 4C3, Toronto E06

COMMERCIAL · Birchcliffe-Cliffside · MLS® E14146166

Listing brokerage: HOMEART REALTY SERVICES INC. · MLS® E14146166

—Bedrooms
—Bathrooms
—Sq ft
—Days on market

About this property

Business for Sale! Recently licensed to sell liquor with steadily increasing sales. This well-maintained and spotless store is located in a busy Plaza with McDonald, Tim Hortons and freshCo, featuring an extra-large retail space that offers flexibility to add additional businesses or services perfect for entrepreneurial growth. Current average weekly sales are approximately $13,000 (with about 40% from cigarettes), plus lottery commissions of $6,000/month And another $1,000 from ATM, Bitcoin, Cig. rebate and Cig. cartoon sale), Operating costs are low, averaging $1,000/month for utilities and other expenses. A brand-new 4 years lease is in place at $5.971.67/month net-net rent Plus TMI($2109). The business currently operates limited hours (7 AM-10 PM), leaving room to extend hours and increase revenue. This is an excellent family-run opportunity, offering growth potential and a solid foundation. Current owner run this business for 28 Years and he only worked from 7Am-2:30Pm Monday to Friday.

Mortgage estimate

$429Monthly payment
$715Land transfer tax

Canadian semi-annual compounding. Estimate only; your lender's terms apply.

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