1610 Military Trail, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Centennial Scarborough. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,495,000 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 69.52 x 128.37 ft lot size
- Convenient in/out garage included
- equipped with no central cooling and highly efficient gas forced air closed heating
Description
Prime real estate for sale in sought after Highland Creek neighborhoodMinutes from the University of Toronto Scarborough Campus, Highway 401This Property is gated and totals 5960 sq. ft.(0.12 acre) It is currently being used for automotive sales and repairs (owner operated)OMVIC approved (car sales up to 10), body repair (no paint) and a DRIVEON inspection station. Owner has previously completed phase 1 & 2 environmental (2018) Lots of upgrades : roof 2018, new garage doors 2021, hoists 2020, bathroom and gas heating 2018, new building face 2019. Property surrounded by brand new condos, that make for a great business location of any kind or great for development as neighboring lots are also for sale. The property is not for lease. *For Additional Property Details Click The Brochure Icon Below*
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Pricing & Value Insights
Data-driven valuation for 1610 Military Trail, Toronto E10, ON M1C 1B2
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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 $1,495,000 in Toronto, the legal minimum down payment is $299,000 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 $26,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,375 also applies, bringing the total estimated land transfer taxes to $52,750.
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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.
