Rare, once-in-a-lifetime opportunity to acquire a highly profitable, well-established convenience/variety store in the heart of downtown Toronto. Successfully operated by the same owner under the same landlord for 38 years; a true testament to its stability and profitability, now available due to re...tirement. Unbeatable high-traffic location all year round at Spadina Ave & College St, directly across from the University of Toronto (70,000+ students & staffs), steps from Kensington Market and China town, and right next door to the iconic El Mocambo live music venue. Under a 10-minute walk to Hospital Row and 700m to Queen's Park Subway Station, drawing massive daily foot traffic from students, locals, and tourists. Exceptional financial structure: sublease/rental income from other units in the building covers the store's entire rent, while steady Lotto commissions offset other operational expenses. Average gross sales of approx. $10,000/week with zero franchise fees or royalties. Tremendous upside potential for a new operator to boost revenue by introducing alcohol and vape sales. Includes a spacious basement for storage/expansion. Inventory is extra. Please do not visit the premises without an appointment.
Full Property Details
General
Business Type
Convenience/Variety
Retail Area
975.00 Sq Ft
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Convenience/Variety
Retail Area
975.00 Sq Ft
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Washrooms
0
Heating Fuel
Gas Forced Air Open
Air Conditioning
Yes
Exterior
Depth
134.2
Front
28.26
Lot Size
28 x 134.2 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
Commercial
Depth
134.2
Front
28.26
Lot Size
28 x 134.2 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
Commercial
Building Description
Home Type
Commercial
Subtype
Sale Of Business
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Sale Of Business
Water Supply
Municipal
Possession Date
No Data
Community
Community
Kensington-Chinatown
Community
Kensington-Chinatown
Taxes & Fees
Tax Year
2025
Occupancy
Partial
Tax Year
2025
Occupancy
Partial
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