Smoke & Cannabis Retail Businesses for Sale in Ontario

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391 LUMSDEN AVENUE
Crescent Town Toronto (Crescent Town) M4C 2L6

$349,000
Business

Main Photo: 391 LUMSDEN AVENUE in Toronto (Crescent Town): Business for sale : MLS®# E13174666
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Status:
Active
Prop. Type:
Business
MLS® Num:
E13174666
Bus Major:
Food Services and Beverage
Exceptional Opportunity to Own a One-of-a-Kind Grocery/Supermarket Business in Toronto! This unique supermarket-style grocery store has been successfully operated by the same owner for over 20 years and is now offered for sale due to retirement. Located in a densely populated area surrounded by numerous high-rise residential buildings, this is the only store in the neighborhood with virtually no direct competition.The business operates from a spacious 2,300 sq.ft with same size full basement, premises with plenty of exclusive parking spaces, providing excellent convenience for customers. Weekly sales are approximately $25,000, with cigarette sales accounting for less than 30% of total revenue, creating a strong and diversified income structure.Additional high-margin income streams include over $2,000/month from ATM and POS machine commissions, approximately $3,000/month in lottery commissions, plus extra revenue from parking rental and advertising income.Current rent is very reasonable at $5,600/month plus property tax of $1,500/month, with a secure lease in place until March 2030.This business still offers tremendous growth potential for a new owner, including opportunities to add Vape products and other profitable services to further increase revenue. A rare chance to acquire a stable, long-established, and highly profitable grocery business in a prime Toronto location with strong customer loyalty and excellent future upside. (id:2493)
Property Type:
Business
Zoning:
CR, RD(f6;a185;d0.75)
Taxes:
$17,930 / 2025
Community:
Crescent Town
Major Business Type:
Food Services and Beverage
Cooling:
Fully air conditioned
Fireplace:
No
Heating:
Forced air, Natural gas
Water:
Municipal water
Lot Frontage:
45'7¼"
Lot Details:
Bldg=45.58 x 134 FT
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Listed by HOMELIFE LANDMARK REALTY INC.
Data was last updated May 29, 2026 at 06:15 PM (UTC)
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