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$1,598,800
Available - For Sale
Listing ID: X8223204
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: $6,311.92
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: 55.2 x 113.75 (Feet)
Directions/Cross Streets: Courtland Ave E And Madison Av
Zoning: R3
Category: Store With Apt/Office
Building Percentage: Y
Total Area: 4,000
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
Maintenance: 1,500
 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

169 Madison Ave South , Kitchener, N2G 3M7, Ontario


 
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At a Glance:
Type: Com - Store W/Apt/Office
Area: Waterloo
Municipality: Kitchener
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Lot Size: 55.20 x 113.75(Feet)
Approximate Age: 100+
Tax: $6,311.92
Maintenance Fee: $1,500
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