#5 2404 Eglinton Avenue East, Toronto (Ionview) - Business for Sale
#5 2404 Eglinton Avenue East, Toronto (Ionview), Ontario, M1K2P3
This business in Toronto is for sale offering roughly 1,400 sq ft of space.
Description
A 32 year established store at the same location. A convenience store surrounded byseveral residential buildings and steady foot traffic from a loyal, repeat customersbase from the library, medical centre, and other businesses in the same plaza strip,plus transit access, including Kennedy subway. Very high volume of alcohol saleswith no immediate competition around this store. Room to grow further throughextended hours, expanded food and beverage offerings, and added services likeparcel pickup, passport photograph etc. The lease has 2 years remaining, and a 5-years renewal options providing the new owner with immediate stability and long-term security. Rent for the main floor and basement $5,550.00. Basement also goodfor a second business such as textiles, phone stores and so on. The owner has twobusinesses and is having trouble handling both. The owner is willing to train andadvise as long as the buyer expects. The rent includes water, heating TMI and HSTwith one payment. Coffee, sandwiches, donuts, muffins and other snacks keep thestore busy in the morning. Monthly sales approximately $60,000.00, excludingBitcoin, ATM, fob making, phone top-ups and so on. Listed for quick sale, pricenegotiable. (id:66096)
Property Details
- MLS®
- E13071134
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial
- Interior Size
- 1,400 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 187 days ago
Features
- Appliances
- Freezer
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 187 days on market, against an average age of 81 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 (Ionview) 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 $124,900, about 1.7× the local median household income of $72,500.
Carrying it typically needs a household income of about $24,397 (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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$124,900
Toronto