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$229,000 Sale
Listed 23 hours ago
N3 - 1700 SIMCOE STREET N
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Key Facts
Key facts for N3 - 1700 SIMCOE STREET N
Property Type
Commercial
Parking
Garage: No, 0 parking
MLS #
E12457452
Size
1687 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Discover a well-established grocery store FoodCo Supermarket & Halal Meat with approximately 450-500k spent on lease hold improvements , ideally located directly beneath a student residence housing over 800 students guaranteeing consistent daily traffic. The store benefits from its prime position n...ear Durham College, Ontario Tech University, and within a rapidly growing residential community with several new developments underway.This business enjoys strong monthly sales with significant potential for further growth through targeted marketing and product expansion. The rent is $4,981.94/month (including TMI & HST) and covers all utilities and maintenance, plus six reserved parking spots. A secure lease runs until 2032 with 5 + 5-year renewal options, providing long-term operational stability. With its unbeatable location, built-in student clientele, and established community presence, this is an excellent opportunity for investors or operators seeking a profitable and future-ready grocery and halal meat business. (id:10452)
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Listing courtesy of: SAVE MAX REAL ESTATE INC.
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