1261 St.Clair Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey store w apt/office located in the coveted neighborhood of Corso Italia-Davenport. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $925,000 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.
- 2 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 12.75 x 103 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Central Vacuum, Storage
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Wonderful investment opportunity mixed use building commercial/residential with great exposure on St. Clear Ave West. Two upgraded units and full basement in very good condition. Flexible zoning with many uses allowed for professional office and/or retail. Previously the entire property was used as a dental clinic. Second floor residential unit includes full bathroom and a kitchen and can be easily reconverted into a 2 bedroom + den. Potential to extend the building at the back and almost double its size. Create another unit or more office space. Ideal set up to live upstairs and work downstairs or rent both units. The commercial tenant can pay some of the taxes, maintenance and insurance to reduce costs and make it even a better investment. Seller can give a mortgage at a reasonable interest rate. Streetcar stop in front of the building going into the subway, easy and fast access to downtown, near by public parking, close to shopping, restaurants, schools, park.
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Pricing & Value Insights
Data-driven valuation for 1261 St.Clair Avenue W, Toronto W03, ON M6B 3B4
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 $925,000 in Toronto, the legal minimum down payment is $67,500 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 $14,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $14,975 also applies, bringing the total estimated land transfer taxes to $29,950.
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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.
