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Listed by:

AimHome Realty Inc. Brokerage

Grocery Business with property coin-laundry coming For Sale

Toronto, Ontario, Canada
Asking Price:
$2,990,000 (CAD)
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$250K - $500K (CAD)

Over 4500 sq ft corner building (previous CIBC building). Property with Business for sale. The land size is 50x112 Ft.

Commercial space 3180 sqft, 10 parking spaces.
Supermarket is run by the owner. $20,000 weekly sales with 40% cigarettes. $2,300 lottery commission.  The supermarket brings about $180k income for the owner a year.

2nd floor two 2-bedroom apartments. The apartments can be rented out for $48000 a year.
Basement two bedroom apartment plus potential another two bedroom apartment. Property tax $17,599 per year.

Drawing for additional 4 apartment units at 2nd floor was done.

Recently a brand name coin laundry company offered the owner the package of installing coin laundry machines in the store after they did thorough study. The property value and business income will be increased after the coin laundry installed since it will not only bring cash flow from the machines themselves but also bring customers who will buy store items.

Property Information

Real Estate:

Real Property Included