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$ 749,990
Est. payment /mo
Pending
2891 Jane ST Toronto W05, ON M3N 2J5
2,600 SqFt
UPDATED:
01/23/2025 04:50 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Pending
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $288
Subdivision Glenfield-Jane Heights
MLS Listing ID W11887637
Tax Year 2024
Property Description
This coin laundry business, strategically situated amidst numerous retail stores, has established itself as one of the best in the area. Equipped with 45 washers and 48 dryers, the facility also features a laundry supplies shop, three coin changers, soap dispensers, large-size vending machines, TVs, cameras, and seating for customers to relax. Fully attendant with wash and fold as well as dry cleaning services, the business operates on a 10+5 year lease. Annual sales approximate $300,000, with expenses totaling $160,000, resulting in a net profit of $140,000. Rent is inclusive of base rent, TMI, HST, and water. The business benefits from a prime location, with high-traffic amenities, TTC streetcar, and subway access nearby. Additionally, there is potential to increase sales through the incorporation of OLG. The premises are equipped with fully automatic security cameras, monitoring, and recording capabilities.
Location
Province ON
County Toronto
Community Glenfield-Jane Heights
Area Toronto
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Major Highway, Subways
Utilities Available Available
Others
Security Features Yes
Listed by RE/MAX GOLD REALTY INC.
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