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$1,389,000
Est. payment /mo
1,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $1,157
Subdivision 213 - Ascot
MLS Listing ID X12304046
Annual Tax Amount $6,285
Tax Year 2024
Property Sub-Type Commercial Retail
Lot Depth 75.0
Lot Front 69.42
Property Description
Convenience Store with two Apartments, Vape store and Open parking space(8 no's). One Package in All. Money making mix commercial & Residential property. Should not be missed Amazing Cap rate at nearly 13%-14% NET NET return. Well Established over 20 years Store Sales at $ 12000 a week(Grocery) Plus Lotto commissions $ 53000 a year and Vape store sales touching 800-900 a day with 40% returns.(Vape store alone nets $ 8000 a month) Additional rental Income from two brand new apartments One is rented for $ 21000 a year and for Apartment 2 is $ 24000 for Apartment NET NET $ $ 175000 after $ 85000 Payroll per year with Absentee Owner. Get this goldmine before its gone.
Location
Province ON
County Niagara
Community 213 - Ascot
Area Niagara
Zoning Commercial
Interior
Cooling Yes
Inclusions All Chattels and equipment's for the store and all the appliances for both Apartments.
Exterior
Utilities Available Available
Lot Frontage 69.42
Lot Depth 75.0
Others
Security Features Partial
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Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED
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