REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 159,900
Est. payment /mo
New
132-134 Simcoe ST Toronto C01, ON M5H 3G4
1 Bath
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Waterfront Communities C1
MLS Listing ID C12118454
Annual Tax Amount $2,646
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Rare Found Opportunity To Own This Well-Established & High Marginal Convenience Store with a Shop in Shop Sushi and Laundry Business. Running Business for Almost 20 years, Under the Current Management 13 Years. Owners Now Retiring. Located In a Very Busy Glitzy Toronto Downtown Core Area. Geographically, This Neighborhood Is Totally Packed With A Huge Population, Tourists And Traffic. Corner Unit of the Ground Level of Well-Maintained University Plaza Condos. Solid Customer Base from Surrounding Hi-Rise Condominiums and Office Buildings. Right Next to Famous Luxury Shangri-La Toronto Hotel. 3 Minutes to Osgoode Subway Station. Average Gross Sales: $50,000/Mth. Cigarette 30%. Varieties & Hardware 40%. Beer & Wine 30%. Lotto Commission: $1,200/Mth. Laundry and Sushi Sales: $18,000/Mth. One of the Biggest Beer and Wine Selections and Sales among the Convenience Stores in Toronto Downtown Core. Lease: 5 Years. Rent: $8,640/Mth (TMI, HST Extra). Sales and Profits are Growing Day By Day after Beer and Wine Sales. Recurring and Frequent Visits from Shop in Shop Sushi and Laundry Customers. Huge Space (1,920 Sq ft), Currently Shared With Sushi and Laundry, But Can Convert To Other Business Portfolios Or Just Sub-Lease The Space To Other Small Businesses with the Consent of the Landlord. Lots of Potentials with a New Business Owner. No Franchise Fee or Royalty. Inventory is Extra. Please Do Not Visit The Premises Directly.
Location
State ON
County Toronto
Community Waterfront Communities C1
Area Toronto
Interior
Cooling Yes
Exterior
Lot Frontage 42.0
Lot Depth 46.0
Listed by HOMELIFE LANDMARK REALTY INC.