466 SPADINA AVENUE
Toronto (Kensington-Chinatown), Ontario
MLS® C14178466
$119,000
- Status
- Active
- Property type
- Business
- MLS® number
- C14178466
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 10Listing description
Rare, once-in-a-lifetime opportunity to acquire a highly profitable, well-established convenience/variety store in the heart of downtown Toronto. Successfully operated by the same owner under the same landlord for 38 years; a true testament to its stability and profitability, now available due to retirement. Unbeatable high-traffic location all year round at Spadina Ave & College St, directly across from the University of Toronto (70,000+ students & staffs), steps from Kensington Market and China town, and right next door to the iconic El Mocambo live music venue.
Under a 10-minute walk to Hospital Row and 700m to Queen's Park Subway Station, drawing massive daily foot traffic from students, locals, and tourists. Exceptional financial structure: sublease/rental income from other units in the building covers the store's entire rent, while steady Lotto commissions offset other operational expenses. Average gross sales of approx.
$10,000/week with zero franchise fees or royalties. Tremendous upside potential for a new operator to boost revenue by introducing alcohol and vape sales. Includes a spacious basement for storage/expansion.
Inventory is extra. Please do not visit the premises without an appointment.
Property summary
- MLS® number
- C14178466
- Property type
- Business
- Land size
- 28.26 x 134.2 FT
- Days on market
- 1 day
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $119,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of HOMELIFE LANDMARK REALTY INC., MARKHAM.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.