#104 707 Kennedy Road, Toronto (Kennedy Park) - Business for Sale
#104 707 Kennedy Road, Toronto (Kennedy Park), Ontario, M1K2C1
Description
Turnkey Convenience Store for Sale - Prime Kennedy Road Location, Scarborough.Exceptional opportunity to own a successful, well-established convenience store in one of Scarborough's high-demand commercial corridors. This profitable business enjoys a loyal customer base, consistent sales, and excellent visibility from a prime corner location on Kennedy Road.Surrounded by high-density residential neighbourhoods and benefiting from steady pedestrian and vehicle traffic, this business is perfectly positioned for continued success.Business Highlights-Established convenience store with strong sales history.Prime corner unit with outstanding exposure.Beer, wine, lottery, tobacco, ice cream, and convenience merchandise.Over $100,000 invested in equipment and recent renovations.Walk-in cooler, Large display windows, High ceilings ,Flexible retail layout ,Excellent storefront signage, Ample customer parking ,Located in a rapidly growing area with ongoing development. Outstanding Growth Potential .This is a true turnkey business with significant upside. Increase revenue by expanding into:Delivery platforms Specialty retail products Additional convenience services Vape sales (subject to all required licensing and regulations)Perfect for owner-operators, entrepreneurs, or investors looking for a profitable business with immediate cash flow and excellent future growth potential.Asking Price$249,000 + Inventory Inventory to be valued separately at the time of closing. (id:66096)
Property Details
- MLS®
- E13576766
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Comercial/Retail
- Frontage
- 125 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 110 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 110 days on market, against an average age of 51 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 (Kennedy Park) 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 (M1K)
This home lists at $249,000, about 3.4× the local median household income of $72,500.
Carrying it typically needs a household income of about $48,638 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $72,500
- Population
- 48,175
- Median age
- 40.4
- Owner / renter
- 50% / 50%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA M1K)
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$249,000
Toronto