181 University Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Bay Street Corridor. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $128,000 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
- Spacious lot size measured in Feet
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Excellent downtown Toronto location, directly across from Shangri-La Hotel and steps from the Hilton Hotel and Financial District, and the PATH system. Walk Score and Transit Score of 100. Long-established Platis Cleaners Dry Cleaning & Alterations with over 60 years of history and a strong reputation. High-traffic area with great growth potential. Approx. 80% dry cleaning , 20% alterations. Seller has operated the business for 12 years and is now preparing to retire. Independently operated business with no franchise agreement, no franchise fees, and no ongoing franchise obligations. A new lease may be available for a qualified buyer, subject to landlord approval. Very favourable occupancy costs compared to many other downtown Toronto locations. Great opportunity for an owner-operator, especially with alteration experience.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 181 University Avenue G20, Toronto C01, ON M5H 3M7
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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 $128,000 in Toronto, the legal minimum down payment is $6,400 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 $1,005 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,005 also applies, bringing the total estimated land transfer taxes to $2,010.
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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.
