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SaleSale Of Business

466 Dawes Road

Toronto E03, ON M4B 2E9

Price

$149,900

Building Size

1,200 sq ft

MLS# E13631972 | Listed by HOMELIFE LANDMARK REALTY INC.

Business Details

Business Type

Restaurant

Property Use

Without Property

Hours / Days

Open 7 Days

Franchise

No

Commercial Space & Financials

Retail Area

1,000 sq ft

Office / Apt Area

700 sq ft

Property Description

Rare opportunity to acquire a one-of-a-kind convenience store with a fully equipped commercial restaurant kitchen in a prime Toronto location. The current owner operates only the convenience store due to staffing shortages, leaving tremendous upside for a new owner to activate the restaurant operation and significantly increase revenue.The business generates approximately $9,000 in weekly sales:Cigarettes account for only approximately 15% of sales, Coffee and fresh patties contribute approximately 25% of sales and continue to attract loyal repeat customers.ATM commission exceeds $1,000 per month.OLG Lottery commission is approximately $1,600 per month, providing stable additional income.Located in a densely populated residential neighbourhood surrounded by numerous apartment and condominium buildings, the store benefits from consistent foot traffic and a large local customer base. The existing fully equipped restaurant offers exceptional potential for an owner-operator or family business. Introducing hot food, takeout, catering, or delivery services could dramatically increase sales and profitability.The lease is exceptionally attractive, with rent of only $2,209 per month (all inclusive) for the main-floor commercial premises. In addition, the property includes a newly renovated two-bedroom apartment on the second floor for only $1,270 per month, ideal for owner occupancy or rental income.The current lease runs until April 30, 2029, with an additional five-year renewal option, providing long-term security for the new owner.

Price & Status History

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Location

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466 Dawes Road, Toronto E03 M4B 2E9

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Listing Courtesy of: HOMELIFE LANDMARK REALTY INC.

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.

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