5 – 2404 EGLINTON AVENUE E

  • 2 days ago
BusinessOntarioToronto (Ionview)M1K2P32404 Eglinton Avenue, Toronto (Ionview), Ontario, Canada, M1K2P3

2404 Eglinton Avenue, Toronto (Ionview), Ontario, Canada, M1K2P3

2404 Eglinton Avenue, Toronto (Ionview), Ontario, Canada, M1K2P3

Basics

  • Date added: Added 2 days ago
  • Category:
  • Area: 1400 sq ft
  • Lot size: 0 sq ft
  • SubdivisionName: Ionview
  • UnitNumber: 5
  • ListOfficeName: RE/MAX COMMUNITY REALTY INC.
  • MLS ID: E13071134

Description

  • Description:

    Location Kennedy & Eglinton, which is in Scarborough, part of Toronto. That is a busy corridor with solid foot traffic, transit access, and dense residential areas-so the "high traffic" claim is plausible. Breaking down the income claims The listing mixes revenue and extra income streams, which can be misleading. Base sales: $16,000/week ? $64,000/month revenue. But revenue ? profit. Convenience stores often have: Cigarettes: ~5-10% margins. Lotto: commissions only. Snacks/drinks: higher margins (20-40%) A realistic blended net margin might be 10-20% before expenses. Additional income" (monthly approx.). Photocopy/print: $500. Key & fob: $600. Coffee/snacks: ATM: Total: ~$2,950/month. 1. Rent & lease terms, High-traffic corners = high rent. You need: Monthly rent, Lease length + renewal options, Any rent escalations. 2. Operating costs: Utilities (fridges/freezers run 24/7), Staff wages (if not fully family-run), Inventory shrinkage/theft, Insurance. 3. Hours & workload: Open longer hours to make more, You'll likely be working very long days unless you hire staff (which cuts profit). Alcohol license. (id:62692)

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Building Details

  • Heating: Forced air

Amenities & Features

  • Waterfront available: No
  • OpenParkingYN: No
  • AttachedGarageYN: No
  • GarageYN: No
  • CarportYN: No
  • PoolYN: No
  • CoolingYN: Yes
  • Cooling: Fully air conditioned
  • Total Fireplaces: 0

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