116 Sherbourne Street, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Moss Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,500,000 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 0 Bathrooms
- Premium 13.5 x 99.59 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Well-located commercial unit offering a functional open-concept layout . The property provides street exposure along Sherbourne Street and represents an excellent opportunity for owner-users, developers, and investors seeking a flexible commercial asset in Toronto's downtown core.Surrounded by residential condominiums and mixed-use developments, the area continues to experience steady growth and urban intensification, making this a strong option for redevelopment, repositioning, or long-term investment. Close proximity to public transit and major downtown corridors enhances accessibility and long-term desirability. Ideal for a variety of commercial uses with solid potential for future value appreciation.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 116 Sherbourne Street, Toronto C08, ON M5A 2R2
Based on 0 recent similar sales in the pocket.
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 $2,500,000 in Toronto, the legal minimum down payment is $500,000 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 $48,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $48,975 also applies, bringing the total estimated land transfer taxes to $97,950.
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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.
