3221 Derry Rd

Mississauga | Meadowvale | L5N 7L7

Ask: $100,000 $189,000

Est. Mtg $640 /mo
  • Days on market

  • Status

Listing Broker ROYAL LEPAGE SIGNATURE REALTY
Since listed: 2 views

Home details

MLS #:

W8419694

Property type:
Sale Of Business
Style:
Taxes:
$0
Possession:
TBD

Description


3221 Derry Rd, 3, Mississauga, Ontario is a Sale Of Business property in Mississauga and in the Meadowvale community in the L5N 7L7 postal code


Well-established (27 years) dollar store and post office combo in a busy plaza. Plaza enjoys high traffic due to mature neighborhoods and major retailers (Metro, Rexall, Scotiabank, Tim Hortons). Monthly lease is $9,568 (including TMI), with 3.5 years remaining. The post office has two terminals, and its contract is renewed every two years. Opens 7 days a week (M-F: 9am-9pm, Sat: 9am-6pm, Sun: 11am-5pm). Annual sales (per financial statement) are $355,433, with the post office contributing 64% and groceries 36%. Additionally, the annual lottery commission is $34,599, with other income at $20,092. Annual net profits are $32,038 (the seller's salary has already been deducted) and could be much higher if the owner works at the shop. While the business is stable, the owner is selling due to other commitments. This rare combination presents a stable and guaranteed business opportunity that shouldn't be overlooked.Please don not talk to any person working in the store..

Extras

All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence..


History

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List Date End Date List Price End Price Status MLS #
2024-06 $249,000 $249,000 W8229060
2024-08 $100,000 $189,000 W8419694

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Mississauga :

Average sale price

$1,112,531

Properties sold

679

New Listings

1,422

Days on Market

13

Sale $ / List $

102%

Year on Year Growth

-4.25%



Estimated running costs for 3221 Derry Rd

Based on available 3rd party data

$775

Approximate costs per month

Mortgage
$640 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$0 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE SIGNATURE REALTY
Data Source: TRREB

Payment calculator

$640 monthly. In association with: TD Bank
%
  • Principal and Interest
    640 /mo
  • Property Taxes
    $0 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gerry Crokidas, Realtor

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