2404 Eglinton Avenue E 5, Toronto E04, ON M1K 2P3 - Serik Realty

2404 Eglinton Avenue E 5, Toronto E04, ON M1K 2P3

Listed For : $124,900
Your Cash Back is $1,874 (*Terms and Conditions Apply)
Listed On :

Garage / Parking Places:
Date Started Date Ended Price Event Listing ID
Key Features
Listing Key: E13071134
Brokage: RE/MAX COMMUNITY REALTY INC.
Listed On: 2026-05-01
Updated On: 2026-05-28
Property Type: Sale Of Business
Community: Ionview
Municipality: Toronto E04
Cooling: Yes
Heating Type: Gas Forced Air Open
Cross Street: Kennedy Rd and Eglinton Ave. East
Description
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.
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