2480 Gerrard Street E, Toronto, ON M1N 4C3
Birchcliffe-Cliffside, Toronto · Near Victoria Park / Gerrard E · View map
About this home
Business for Sale! Recently licensed to sell liquor with steadily increasing sales. This well-maintained and spotless store is located in a busy Plaza with McDonald, Tim Hortons and freshCo, featuring an extra-large retail space that offers flexibility to add additional businesses or services perfect for entrepreneurial growth. Current average weekly sales are approximately $13,000 (with about 40% from cigarettes), plus lottery commissions of $6,000/month And another $1,000 from ATM, Bitcoin, Cig. rebate and Cig. cartoon sale), Operating costs are low, averaging $1,000/month for utilities and other expenses. A brand-new 4 years lease is in place at $5.971.67/month net-net rent Plus TMI($2109). The business currently operates limited hours (7 AM-10 PM), leaving room to extend hours and increase revenue. This is an excellent family-run opportunity, offering growth potential and a solid foundation. Current owner run this business for 28 Years and he only worked from 7Am-2:30Pm Monday to Friday.
The home
- Type
- Sale of business
- Square footage
- 1800 sq ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Plaza
- Total parking
- None
Taxes & other
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- 30-59 days
- Cross street
- Victoria Park / Gerrard E
- Neighbourhood
- Birchcliffe-Cliffside
More
- MLS® number
- E14146166
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
2480 Gerrard Street, Toronto, ON M1N 4C3
Birchcliffe-Cliffside, Toronto · Near Victoria Park / Gerrard E
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Listing history for 2480 Gerrard Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 2480 Gerrard Street E
Answers come straight from this home’s MLS® listing.
How much is 2480 Gerrard Street E listed for, and what would it cost each month?
2480 Gerrard Street E is listed for $99,000. With 20% down ($19,800), the mortgage payment would be roughly $399 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $461 a month, all in. That figure is an illustration, not a quote.
Is 2480 Gerrard Street E freehold or a condo, and is there a monthly fee?
2480 Gerrard Street E is a sale of business in Birchcliffe-Cliffside, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 2480 Gerrard Street E have a garage and parking?
Yes. The listing shows the garage as plaza. The listing does not include a parking space.
What style of home is 2480 Gerrard Street E?
2480 Gerrard Street E is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 2480 Gerrard Street E heated and cooled?
Heating is gas forced air closed. Cooling is yes.
Where is 2480 Gerrard Street E?
2480 Gerrard Street E is in the Birchcliffe-Cliffside community of Toronto. The nearest main intersection is Victoria Park / Gerrard E. The postal code is M1N 4C3.
Is 2480 Gerrard Street E still for sale?
Yes. It is an active listing (MLS® E14146166). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 2480 Gerrard Street E asking?
Similar properties for sale nearby right now include 253 Gerrard Street E at $99,000, 290 Gerrard Street E at $98,000 and 2207 Gerrard Street E at $95,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 2480 Gerrard Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 2480 Gerrard Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Birchcliffe-Cliffside, picked by style, size and price.
Sale of business$99,000253 Gerrard Street E, Toronto1 bath · Moss ParkCourtesy of: CENTURY 21 REGAL REALTY INC.View home →
Sale of business$98,000290 Gerrard Street E, TorontoCabbagetown-South St. James TownCourtesy of: REMAX YOUR COMMUNITY REALTYView home →
Sale of business$95,0002207 Gerrard Street E, TorontoEast End-DanforthCourtesy of: iCloud Realty Ltd.View home →Courtesy of: HOMEART REALTY SERVICES INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.