417-419 Rogers Rd 4,500 SF 100% Leased Retail Building Toronto, ON M6M 4Z8 $2,990,000 CAD ($664.44 CAD/SF) 8.03% Cap Rate

Corner Property with Business for sale. The land size is 50x112 Ft. The 1st floor is 3180 sqft of retail store space. 2nd Floor has Two 2 bedroom apartments. The building also includes a basement - one existing 2 bedroom apartment plus potential to add another 2-bedroom apartment. This building has 10 parking spaces. There is potential upside to the building - drawings have been made to add another 4 apartment units. Store sales: weekly sale: $20,000 with 40% of cigarettes. Lottery commission $2,300 per month. Property tax $17,599 per year. Business together with property asking price is 2.99 million. Recently a brand name coin laundry company offered the owner the package of installing coin laundry machines in the store after they did thorough study. The property value and business income will be increased after the coin laundry installed since it will not only bring cash flow from the machines themselves but also bring customers who will buy store items.