1194 Danforth Avenue, Toronto (Danforth) - Business for Sale
1194 Danforth Avenue, Toronto (Danforth), Ontario, M4J1M6
This business in Toronto is for sale offering roughly 1,500 sq ft of space.
Description
Excellent opportunity to acquire a well-established convenience store located at a major, high-traffic intersection in East York, Toronto. This store benefits from strong visibility, consistent walk-in traffic, and a solid customer base.The business currently generates approximately $7,000 in weekly sales, with additional stable income streams including lottery commission of about $800/month, ATM income of $300/month, Bitcoin machine income of $270/month, photo services bringing in $500/month, and key cutting services generating $300/month.Current rent is $3,700 per month, including HST, water, and TMI, offering excellent value for such a prime location. A new 5 + 5 year lease is available for the new owner, providing long-term stability.This business offers significant growth potential, particularly by adding beer and wine sales (subject to approvals). It is also versatile and may be converted to another type of business, making it ideal for owner-operators . (id:66096)
Property Details
- MLS®
- E13806718
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial/Retail
- Parking
- 2
- Interior Size
- 1,500 ft²
- Building Area
- 1,500 ft²
- Heating
- No heat
- Cooling
- Fully air conditioned
- Listed
- 45 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 45 days on market, against an average age of 43 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Danforth) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4J)
This home lists at $69,000, about 0.7× the local median household income of $93,000.
Carrying it typically needs a household income of about $13,478 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $93,000
- Population
- 35,128
- Median age
- 42
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA M4J)
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$69,000
Toronto