3468 Danforth Avenue, Toronto (Oakridge) - Business for Sale
3468 Danforth Avenue, Toronto (Oakridge), Ontario, M1L1E1
This business in Toronto is for sale. It has been on the market 14 days, fresher than the Toronto average of 74 days.
Description
Rare Business Opportunity! ONLY $3,500 MONTHLY RENT INCLUDING TMI, HST & WATER! An excellent opportunity to own a fully equipped grocery business in a busy commercial plaza at 3468 Danforth Ave, Toronto, near Warden Ave. Situated in a high-traffic location surrounded by established residential neighbourhoods and local businesses, offering excellent visibility and customer accessibility. Approximately 4 Years Remaining On The Existing Lease, Plus A 5-Year Renewal Option.This versatile store offers fresh fruits, vegetables, groceries, halal meat, fish, frozen foods and other everyday essentials. All Equipment and Inventory Are Included in the Purchase Price! This is a major advantage for buyers looking for a fully equipped, ready-to-operate business without the added expense of purchasing equipment or initial inventory separately. Additional Income Opportunities! Existing lottery terminal and tobacco sales authorization provide valuable opportunities to generate additional revenue. The premises feature refrigeration equipment, walk-in cooler, display units, shelving and other essential store fixtures. Another Excellent Bonus! 5 Designated Parking Spots Come With the Unit, providing added convenience for customers and business operations. Ideal for an owner-operator, family business or entrepreneur looking to establish or expand a grocery, convenience or specialty food business. Take advantage of the established commercial location, multiple revenue streams and excellent growth potential. An Optional Three-Bedroom Basement Apartment Is Available For The Business Owner At An Additional Monthly Rent Of $1,500, Subject To Landlord Approval And Availability. Don't Miss This Opportunity To Be Your Own Boss! (id:66096)
Property Details
- MLS®
- E14103058
- Property Type
- Business
- Business Type
- Food Services and Beverage
- Zoning
- Commercial
- Parking
- 6
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 14 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 14 days on market, against an average age of 74 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 (Oakridge) has been listed for 14 days, which is 60 days fresher than the city average of 74. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1L)
This home lists at $159,000, about 2.0× the local median household income of $78,000.
Carrying it typically needs a household income of about $31,058 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $78,000
- Population
- 35,833
- Median age
- 38.8
- Owner / renter
- 51% / 49%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA M1L)
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$159,000
Toronto