Welcome to this remarkable sale of business located in the coveted neighborhood of Steeles. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $179,000 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.
This 2,750 sq ft commercial unit at Passmore Shoppe Plaza at Scarborough, offers an ideal space for food businesses such as central kitchen, bakery, meat processing, catering, food prep or a variety of other food related uses. The unit has a commercial size walk-in freezer and walk-in fridge, both walk-ins have dual compressors for efficiency and redundancy, 8 foot exhaust hood, epoxy floors throughout for easy cleaning, floor drain, one designated parking spot for the tenant, and ample customer parking. It features both front and back entrances, along with a drive-in shipping door for convenient loading and unloading. Electrical is 225A, 3 Phase. Located in a vibrant area surrounded by residential and commercial developments, this space currently operates as a central production kitchen. It includes one washroom and benefits from a low rent of $15/ sq ft + TMI $11/sq ft. This is an ASSET SALE ONLY, with a sublease in place until April 30th, 2027, and the option to renew. Lease takeover is subject to landlord approval and credit check. This space is the perfect opportunity for a ghost retail kitchen, food lab R&D, cooking school, or food related business seeking a turnkey operation in a strategic location. Can't Miss it!
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Data-driven valuation for 19 Glendinning Avenue, Toronto E05, ON M1W 3E2
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Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $179,000 in Toronto, the legal minimum down payment is $8,950 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 $1,515 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,515 also applies, bringing the total estimated land transfer taxes to $3,030.
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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.