8 Thompson Crescent, Erin, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Erin. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $99,998 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Excellent opportunity to own a fully equipped take-out food business in the growing community of Erin, Ontario. Located in a busy plaza with Tim Hortons, pharmacy, walk-in clinic, pizza and other high-traffic businesses. Surrounded by new residential subdivisions with 1,200+ homes under development and within walking distance to downtown Erin. Specializing in authentic Italian, Greek, Middle Eastern cuisine and signature pizzas. Approx. monthly sales $18,000-$22,000. Rent $1,990 + HST + TMI ($468.47). Includes all chattels, fixtures and equipment. Seller willing to assist with transition. Strong location with excellent growth potential.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 8 Thompson Crescent, Erin, ON N8B 1T0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Erin, ON
For a property listed at $99,998 in Erin, the legal minimum down payment is $5,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $725 for this transaction. As this listing is in Erin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $725.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.