Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$1,598,800
Available - For Sale
Listing ID: X8223204
169 Madison Ave South , Kitchener, N2G 3M7, Ontario
| Don't Look Further, Be Your Own Boss!! The Money-Making Machine Is In The Growing Crown Of West End. Convenience Store (Tobacco, LOTO, Western Union + Retail), Commercial Kitchen And 3 Rental Units. Retail Convenience Stores Are Making over $40,000 Per Month Gross Revenue, Take Out Kitchen Is Making Over $12,000 Per Month. Basement Rented At $2250.00 Per Month And The Owner Live On The 2nd Floor, Which Can Easily Be Rented At $2800.00 Per Month. Tons Of Upgrades So You Don't Have To Do Anything. Two Electric Panels: Store 200 AMPS Panel, Top Floor And Basement Is 100 Amps Panel. All Breakers. All New Panels. Store Panel Upgraded In 2018. Commercial Kitchen Was Built In 2016, Parking 1012 Cars, Roof 2015, Deck 2012, Upstairs Kitchen/bathroom/flooring 2011, All Windows Doors 2016, -All Plumbing Both Water And Sewer 2012, Basement Redone In 2015, Basement Washroom 2022, Garage With Apartment 2022. (Everything Is New. All Rebuilt From Scratch With Heating), New Store Front And Sidi ng 2023, New Furnace 2023, Central Air 2013, Ductless Heat And Air In Store 2018, Enclosed Addition(deck) For Kitchen & Store 2022, Drop Ceiling With New Lights For Store And Kitchen 2016, Grease Traps In Kitchen And Backflow Was Installed With Kitchen. 2016. New storage shed built in 2022. The Seller Is Willing To Provide Training And Vacant Possession Can Be Provided. Don't Wait To Buy This ATM!! |
| Extras: 2 Fridge, 2 Stove, 2 Washer/Dryer, Multiple Fridge/Freezers for Kitchen business use. |
| Price | $1,598,800 |
| Taxes: | $6311.92 |
| Tax Type: | Annual |
| Assessment: | $313000 |
| Assessment Year: | 2023 |
| Occupancy by: | Own+Ten |
| Address: | 169 Madison Ave South , Kitchener, N2G 3M7, Ontario |
| Postal Code: | N2G 3M7 |
| Province/State: | Ontario |
| Legal Description: | PT LT 6 PL 368 KITCHENER AS IN 833510; K |
| Lot Size: | 55.20 x 113.75 (Feet) |
| Directions/Cross Streets: | Courtland Ave E And Madison Av |
| Category: | Store With Apt/Office |
| Building Percentage: | Y |
| Total Area: | 4000.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 300 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 960 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Rec Centre |
| Approximatly Age: | 100+ |
| Business/Building Name: | J&P Filipino Grocery Store |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Employees #: | 3 |
| LLBO: | N |
| Insurance Expense: | $2700 |
| Heat Expenses: | $8000 |
| Hydro Expense: | $11000 |
| Water Expense: | $8000 |
| Other Expenses: | $2000 |
| Gross Income/Sales: | $500000 |
| Operating Expenses: | $160000 |
| Net Income Before Debt: | $300000 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Act |
| Outside Storage: | Y |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Sewers: | None |
| Water: | Municipal |
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| IQI GLOBAL REAL ESTATE |
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|
Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Store W/Apt/Office |
| Area: | Waterloo |
| Municipality: | Kitchener |
| Lot Size: | 55.20 x 113.75(Feet) |
| Approximate Age: | 100+ |
| Tax: | $6,311.92 |
| Maintenance Fee: | $1,500 |
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