1686 Danforth Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Danforth. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $249,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 18 x 110 ft lot size
- equipped with yes central cooling and highly efficient water radiators heating
Description
Great Opportunity! Well-established convenience store in a high-traffic area with a solid customer base. Current rent is $4,150/month + HST with a secure 5+5 year lease remaining. Additional stable income includes a Lotto commission of approx. $6,000/month plus ATM. Current owner is retiring, offering a turnkey operation with massive growth potential. The property features a spacious layout with excellent upside potential to expand inventory or add new product lines. The business boasts an exceptional revenue mix highly profitable product margins across all major categories, including cigarettes, beer, and general merchandise. Huge future potential to increase revenue further by adding value-added services such as Western Union, UPS access point, and Bitcoin Kiosk. Perfect for a family business or an ambitious entrepreneur.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1686 Danforth Avenue, Toronto E03, ON M4C 1H8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $249,000 in Toronto, the legal minimum down payment is $12,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,215 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $2,215 also applies, bringing the total estimated land transfer taxes to $4,430.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
