Welcome to this remarkable sale of business located in the coveted neighborhood of South Riverdale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $425,000 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.
Exciting opportunity to take over a standout restaurant space in Toronto's vibrant neighborhood at 1058 Gerrard Street E Toronto. Offering approximately 3,367 sq. ft. with two patios-perfect for private events, seasonal service, and added revenue-this location is built for a strong dine-in experience. The premises are LLBO licensed and can be converted to your own cuisine and concept, making it ideal for an owner-operator or growing brand ready to make an impact. Spaces like this don't last long-bring your dream to life in a prime Toronto setting.SELLER WILL CONSIDER 10% VENDOR TAKE BACK
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Data-driven valuation for 1058 Gerrard Street E, Toronto E01, ON M4M 1Z8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $425,000 in Toronto, the legal minimum down payment is $21,250 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 $4,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,975 also applies, bringing the total estimated land transfer taxes to $9,950.
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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.