550 SHEPPARD Avenue West, Toronto (Bathurst Manor) - Business for Sale
550 SHEPPARD Avenue West, Toronto (Bathurst Manor), Ontario, M3H2R9
This business in Toronto is for sale. It has been on the market 40 days, fresher than the Toronto average of 74 days.
Description
Excellent opportunity to acquire a well-established convenience store in Toronto. The current owner has successfully operated the business and is now planning to retire, creating a great chance for a new operator to take over and grow the business. Low rent of only $3,000/month + hst. A new 3+5 year lease is available for the buyer, providing long-term security and stability.There is significant room for growth.Generous backroom storage and additional basement space make it easy to carry deeper inventory or introduce new product lines without disrupting the sales floor. Whether you're an experienced operator adding to your portfolio or a first-time buyer ready to be your own boss, everything is already in place the location, the customers, the systems, and the lease. Sale of business only; property not included. (id:66096)
Property Details
- MLS®
- C13831176
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- COMMERCIAL
- Frontage
- 1 ft
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $1/yr
- Listed
- 40 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 40 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 (Bathurst Manor) has been listed for 40 days, which is 34 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 (M3H)
This home lists at $260,000, about 2.8× the local median household income of $92,000.
Carrying it typically needs a household income of about $50,787 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $92,000
- Population
- 38,416
- Median age
- 40.8
- Owner / renter
- 54% / 46%
- Avg. household size
- 2.6
Source: Statistics Canada, 2021 Census (FSA M3H)
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$260,000
Toronto