The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Saravana Supermarket - Business for Sale. Excellent opportunity to own a well-established South Asian grocery and convenience store in a high-demand location. This turnkey business serves a loyal and growing customer base and offers multiple revenue streams, making it an ideal investment for owner-operators or investors.Business Highlights Well-established grocery and convenience store with a strong local reputation. Licensed OLG Lottery retailer.Licensed to sell alcohol. Licensed to sell tobacco and cigarettes. Fully stocked grocery section featuring South Asian, Sri Lankan, and Indian food products. Separate fresh meat market with professional equipment. Separate fresh seafood/fish market. Large selection of refrigerated and frozen products.Walk-in cooler for efficient inventory storage.Commercial display refrigerators and freezers. Well-maintained shelving and merchandising fixtures included. Cash registers/POS system and business equipment included (subject to inventory and agreement). Ample storage and organized back-of-house workspace.Established supplier relationships.Excellent potential to increase sales by expanding product lines, prepared foods, catering, delivery services, or online ordering.This is a rare opportunity to acquire a fully equipped, operating business with valuable licenses already in place. Whether you are an experienced operator or a first-time business owner, this business offers immediate income potential with room for future growth. Financial information is available to qualified buyers upon execution of a confidentiality agreement. All viewings must be arranged by appointment.
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Age Groups
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$557/mo
Mortgage (principal + interest)$557
Minimum $7,450 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$29,800
Ontario land transfer taxProvincial brackets, no first-time refund$1,215
Toronto land transfer taxMunicipal brackets, no first-time refund$1,215
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$35,030
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
