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From Our Gallery

Description

Excellent opportunity to acquire a neighborhood retail business located in a mature residential area with a stable customer base. The property features a mixed-use layout with a residential apartment on the upper level and a retail store on the main floor. Upper unit approximately 2,000 sq. ft with 4 bedrooms, kitchen and 3 washrooms, currently rented at $2,700/month. Main floor retail space approximately 1,500 sq. ft with rent of $3,500/month (including TMI & HST). Lease term remaining approximately 3.5 years with a 5-year renewal option. Business generates approximately $36,000 in monthly sales, plus additional income from lottery and ATM of approximately $850/month. Historically operated by staff. Seller advises prior net income of approximately $9,000/month; buyer to verify. Please note that certain regulated product sales are not currently in operation. Opportunity exists for a qualified buyer to re-establish product lines, subject to required approvals and licensing. Flexible use with option for owner occupancy or continued rental of the residential unit. Financial information provided by seller; buyer to verify.

Location Description

Park Rd S/Elmgrove Ave

Property Detail

  • Community: Vanier
  • Property Type: Tenant/Commercial
  • Garages: None
  • Annual Property Taxes : $ 0
  • sqft

Facts and Features

  • Parking Type : None

Amenities

  • Heating : Gas Forced Air Open
  • Sewer : Sanitary+Storm ,

Listing Contracted With: REAL ONE REALTY INC.

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