1370 Birchmount Road, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Wexford-Maryvale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $249,900 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 204 x 390 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Turn-Key Restaurant with a fully licensed LLBO permit. Located in a high-traffic area in the heart of Scarborough with excellent visibility. The space can be adapted to a wide range of cuisines and restaurants. All furniture and other equipment are included in the sale price,providing a turnkey solution for a buyer ready to step in and operate immediately Seating capacity of 92-96, 2-Party Rooms, 2 offices.Monthly Rent: $9,700 including TMI with water and Heat included.Current Lease 3+2-year: 3-year finishing in September 2026. An option to sign a new lease.Gross annual revenue approx $500,000 Tenants can put their own signboard. Plenty of outdoor Parking Available.This business presents a solid foundation with great potential for growth in a vibrant neighborhood. Don't Miss this Excellent Opportunity!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1370 Birchmount Road 1, Toronto E04, ON M1P 2E3
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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 $249,900 in Toronto, the legal minimum down payment is $12,495 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 $2,224 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $2,224 also applies, bringing the total estimated land transfer taxes to $4,448.
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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.
