Overview

This retail property in Toronto is for sale offering roughly 1,298 sq ft of space.

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Description

Well-Established Wholesale & Retail South Asian Grocery Store for Sale.Located in a high-traffic Plaza with thousands of vehicles passing by daily, this well-established wholesale and retail grocery store offers an excellent business opportunity.The store specializes in a wide range of South Asian grocery products, including dry foods, seafoods and meats, spices, frozen foods, snacks, beverages and other every day essentials. In addition to a loyal retail customer base, the business has an established network of wholesale clients, including restaurants and other grocery stores, providing consistent recurring revenue.A strong lottery sales operation generates additional income and helps drive regular customer traffic.High daily traffic and ample customer parkingExcellent opportunity for an owner operator or investor looking to expand in the grocery sector. (id:66096)

Property Details

MLS®: E13651028
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Commercial Retail
Interior Size: 1,298 ft²
Heating: Baseboard heaters
Cooling: Fully air conditioned
Listed: 89 days ago

Market Timing

Days on market

89d

Toronto (Agincourt South-Malvern West) listings, avg age

75d

Price / ft²

$99

List price

$129K

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.

Haho

This retail in Toronto (Agincourt South-Malvern West) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Area context

Neighbourhood profile (M1S)

This home lists at $129,000, about 1.6× the local median household income of $81,000.

Carrying it typically needs a household income of about $25,198 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $81,000
Population: 37,663
Median age: 44.4
Owner / renter: 75% / 25%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M1S)

$129,000· $99/ft²

For sale

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Financing

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#101 4800 Sheppard Avenue East, Toronto (Agincourt South-Malvern West) - Retail for Sale

Description

Property Details

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Market Timing

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Neighbourhood profile (M1S)

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