Description
Price : $124,900.00 MLS® : E13071134 / 2404 Eglinton Avenue E 5, Toronto E04, ON M1K 2P3
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.
Location Description
Kennedy Rd and Eglinton Ave. East
Property Details
- Community: Ionview
- Property Type: Owner/Commercial
- Garages: None
- Annual Property Taxes : $ 0
Buildig Features
- Parking Type : None
Features
- Heating : Gas Forced Air Open
- Water System : Water System
Land (Lot Features)
- Frontage: 0 sq.ft
- Land Depth: 0sq.ft
Listing Contracted With: RE/MAX COMMUNITY REALTY INC.