#K-7 2900 Warden Avenue, Toronto (L'Amoreaux) - Business for Sale
#K-7 2900 Warden Avenue, Toronto (L'Amoreaux), Ontario, M1W2S8
Description
Well-established lottery store located in a busy mall with steady foot traffic and many repeat customers. Multiple income streams including lottery commissions and other services. Low monthly rent of approx. $2,750 + HST including TMI and utilities. Short operating hours from 10 AM-7 PM daily. Simple operation and can be run by one person. Approx. 4.4 years remaining on the lease plus a 5-year renewal option. Current owner has operated the business for 6 years and is selling due to other business commitments. Great opportunity for an owner-operator with potential to further increase revenue. (id:66096)
Property Details
- MLS®
- E13737290
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 63 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 63 days on market, against an average age of 47 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 (L'Amoreaux) 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 (M1W)
This home lists at $149,000, about 1.8× the local median household income of $82,000.
Carrying it typically needs a household income of about $29,105 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $82,000
- Population
- 47,070
- Median age
- 48
- Owner / renter
- 74% / 26%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA M1W)
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$149,000
Toronto