1027 Pape Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable store w apt/office located in the coveted neighborhood of Danforth Village-East York. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,650,000 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 4 Bathrooms
- Premium 15.68 x 100 ft lot size
- Convenient lane garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
***2981sqft TOTAL FLOOR SPACE: 1007sf 1st floor + 967sf 2nd floor + 1007sf basement*** Calling all investors and business owners! This mixed use commercial-residential property is a dream opportunity in the heart of Pape Village, just steps from vibrant shops, restaurants, cafés, and Danforth Ave. Call this high-demand location your own! Pape Avenue attracts customers and tenants alike with its steady foot traffic and easy access to the TTC. ***The main floor with OVER 10 FOOT HIGH CEILINGS features 1007sqft of commercial space currently occupied by a charming takeout/café business. ***The finished basement contains 3 bathrooms, staff lounge area, and walk-in-freezer. ***The FULLY RENOVATED 2nd floor APARTMENT features 2 bedrooms, 1 bathroom, an ensuite laundry, separate entrance, balcony, a luxurious MODERN KITCHEN with STONE COUNTERS and STAINLESS STEEL APPLIANCES, California shutters, as well as hardwood and porcelain tile flooring. ***Gas and hydro for the main and 2nd floors are SEPERATELY METERED. ***Location is approx. 13min walk to Pape TTC Station and 25min by TTC to the UofT. ***Developing Ontario Line transit route across the street. MOTIVATED SELLER!
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Pricing & Value Insights
Data-driven valuation for 1027 Pape Avenue, Toronto E03, ON M4K 3W1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,650,000 in Toronto, the legal minimum down payment is $330,000 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 $29,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $29,475 also applies, bringing the total estimated land transfer taxes to $58,950.
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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.
