#104 380 Dixon Road, Toronto (Kingsview Village-The Westway) - Business for Sale
#104 380 Dixon Road, Toronto (Kingsview Village-The Westway), Ontario, M9R1T3
This business in Toronto is for sale offering roughly 1,500 sq ft of space. It has been on the market 50 days, fresher than the Toronto average of 68 days.
Description
Rare opportunity to acquire a 25+ year established neighborhood convenience store in a highly concentrated residential location in Etobicoke. The store is strategically located between three condominium buildings with 850+ residential units, creating a strong built-in neighborhood customer base and consistent demand for everyday convenience products.The business has also demonstrated significant sales growth under the current ownership. Sales have since grown to approximately $6,500-$6,700 per week, despite the store operating only 6 days per week and being closed every Sunday. Only ~26% cigarette sales, Beer & Wine Sales growing month over month due to recent closure of beer store, creating increased demand and customer traffic. OLG Lotto + ATM income of approximately $1,300/month, Only $2,500/month rent including TMI, HST and utilities, Printing and passport-photo services recently added, Fully turnkey operation with a well-stocked inventory of groceries, household essentials, snacks, beverages, ice cream, and everyday convenience products. Opportunity for the Next Owner: A buyer is acquiring more than just inventory and equipment - they are acquiring a 25+ year established location, an existing customer base, proven sales growth and a very low occupancy cost. Current Lease: 2+5 years. There is also further upside through continued development of liquor sales, higher-margin products, additional services and potentially expanding operating hours. (id:66096)
Property Details
- MLS®
- W13797048
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial
- Interior Size
- 1,500 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 50 days ago
Features
- Lot Features
- Elevator
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 50 days on market, against an average age of 68 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 (Kingsview Village-The Westway) has been listed for 50 days, which is 18 days fresher than the city average of 68. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M9R)
This home lists at $129,500, about 1.6× the local median household income of $82,000.
Carrying it typically needs a household income of about $25,296 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $82,000
- Population
- 33,783
- Median age
- 40.8
- Owner / renter
- 51% / 49%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA M9R)
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$129,500
Toronto