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For saleMLS® C13885440

148 Spadina Avenue 3, Toronto, ON M5V 2L8

Waterfront Communities · C01 · M5V 2L8

$119,000

$167 / sq ft

3 weeks on market

Total area
711 sf
0

What's special

  • Reserved/assignd garage
  • Yes

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About this property

Location! Location! Location! Rare Opportunity! Own a Thriving INS Market Franchise in Downtown Toronto! An exceptional opportunity to own a well-established INS Market Franchise located at the high-demand intersection of Spadina Ave & Richmond St. W., right in the heart of downtown Toronto's vibrant Chinatown district. This store benefits from extremely high pedestrian traffic, TTC access at the doorstep, and a new subway station under construction directly across the street, making this location even more valuable for future growth. Surrounded by popular restaurants, hotels, offices, and residential buildings, the store enjoys a loyal customer base built over years of excellent service. Business Highlights: * Strong monthly sales of approximately $66,000-$70,000 including Lotto (as per seller) * Weekly average sales approximately $17,000 * Daily average sales approximately $2,000-$2,400 including Lotto * Lotto commission approximately $2,500-$4,000/month, helping cover a significant portion of rent * Recently added alcohol and wine sales, creating additional revenue opportunities * Low monthly rent of approximately $5,900 including TMI and utilities * Inventory replenishment approximately $1,500 bi-weekly* Spacious 750sq. ft. layout with employee washroom and additional storage space* Lease secured until May 22, 2028, with renewal options available (subject to landlord discussion)This is a rare chance to own a profitable convenience store business in one of Toronto's most desirable and high-traffic locations. Dedicated loading dock at the back of the store. A perfect opportunity for an entrepreneur looking to become their own boss with a proven business model and strong earning potential. Location matters - and this location delivers! Don't miss this incredible opportunity! Motivated Seller!

Property details

Property

Property type
business
Interior size
711 sq ft
Zoning
Commercial
Possession
Immediate

Interior

Heating
Electric Forced Air
Cooling
Yes

Exterior & services

Garage
Reserved/Assignd

Costs

List price
$119,000
Price per sq ft
$167
Rental items
Some suppliers equipment - No monthly fee

Listing

MLS® number
C13885440
Status
For sale
Listed
October 11, 2026
Days on market
25
Last updated
October 11, 2026
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAM

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 30% of comparable business for sale listings in Waterfront Communities are asking less.

$71KMedian $188K$552K
This home
$167 / sq ft
Comparable median
$161 / sq ft

Based on 27 comparable active business for sale listings in Waterfront Communities. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $5,950
$5,950
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$625.07
Estimated monthly
$625

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$915
Toronto municipal
$915
Total due on closing
$1,830

An estimate on the asking price of $119,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES SUCCESS TEAM. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$119,000

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