9390 Sheppard Avenue E 3
Rouge E11, Toronto, M1B 5R5
$149,000
Listed 48 days ago · MLS® E13738000
About this home
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.
Details
- Type
- Sale Of Business
- Garage
- None
- Neighbourhood
- Rouge E11
- Municipality
- Toronto E11
Heating, cooling and services
- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Water and sewer
- Sanitary Available
- Utilities
- Available
Building and exterior
- Building area
- 1,230 Square Feet
More
- Possession
- TBA
- Cross street
- Meadowvale/Sheppard
- Business type
- Grocery/Supermarket
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Somewhat walkable
- 🚆 Rouge Hill GO4.8 km
Within a 10-minute walk: 1 grocery store, 0 cafés and restaurants, 2 parks, 1 pharmacy. Nearest grocery: Saravana Supermarket (0 m). Nearest park: Dean Park (400 m).
Schools nearby
Elementary
- St. Jean de Brebeuf Catholic School Catholic
EQAO: Gr 6 reading 100%, math 53%9 min walk - John G Diefenbaker Public School
EQAO: Gr 6 reading 96%, math 48%11 min walk - Chief Dan George Public School
EQAO: Gr 6 reading 86%, math 45%17 min walk - Alvin Curling Public School
EQAO: Gr 6 reading 90%, math 76%18 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area M1B
- Owners / renters
- 72% / 28%
- Median household income
- $91,000
- Average age
- 41
- Children under 15
- 15%
- Homes
- 30% detached, 22% high-rise
- Commute by transit
- 23%
- Population
- 65,555
Languages spoken most at home besides English: Tamil 9.5%, Tagalog (Pilipino, Filipino) 3.7%, Urdu 2.7%, Yue (Cantonese) 2.4%.
Flood and conservation No mapped hazard
Not inside a mapped flood plain or regulated area.
Screening maps only. Ask the conservation authority for a property inquiry before relying on this.
Safety
Major crime per resident in Morningside Heights (2025): about the Toronto average, about the same from the year before.
- Assault37% below average
- Break and enter21% below average
- Auto theft61% above average
- Robbery76% above average
- Theft from vehiclesabout average
- Shootings129% above average
Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).
Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.
Development nearby 2 active
-
9940 SHEPPARD AVE E · 450 mPlan of Subdivision · Under Review · applied 2021Concurrent Draft Plan of Subdivision and Site Plan Applications to create new blocks for residential development, a future development block, new municipal…Application details
-
9940 SHEPPARD AVE E · 450 mSite Plan · Under Review · applied 2021Concurrent Draft Plan of Subdivision and Site Plan Applications to create new blocks for residential and commercial development with new municipal roads, a…Application details
Rezoning, site plan, subdivision and condominium applications filed with the city.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.
Living here
Commute
To Union Station (downtown Toronto): 24 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
What can be built CL
Commercial Local (with a site-specific exception).
From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.
Building permits
- Interior Alterations · 2018 · CancelledInterior alterations to existing restaurant "Red Fox Bar & Grill", expand restaurant into neighbouring unit (previously salon) by removing…
Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.
Trees
20 City street trees within 100 m. That’s fewer than the Toronto average of 42.
Trees on City boulevards only, not private yards or parks.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by HOMELIFE/FUTURE REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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