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.
Address
466 Dawes Road
List Price
$149,900
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Toronto E03
Sub-Area
O'Connor-Parkview
Region
Toronto
Lot Type
Lot
Lot Size Units
Feet
Total Building Area
1200
Occupant Type
Tenant
Cross Street
St Clair/Victoria Pk
MLS® Number
E13631972
Listing Brokerage
HOMELIFE LANDMARK REALTY INC.
Basement
Yes
Postal Code
M4B 2E9
Tax Year
2026
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Type
Gas Forced Air Open
Cooling
Yes
Cooling Features
Yes
Garage Type
Outside/Surface
Security Features
Yes
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