20 BAY ST Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Waterfront Communities C1. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $199,000 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 30 x 20 ft lot size
- equipped with yes central cooling and highly efficient electric forced air heating
Description
Excellent opportunity of well-located convenience store on busy intersection. Annual sales excluding lotto is over $300,000, Lotto commission is $14000, and monthly Rent is $6500 including TMI and HST. Cigarettes is below 30%. This business offers a strong and consistent customer base. This high-visibility location benefits from steady neighbourhood foot traffic and is surrounded by residential and established local businesses. The current owner has increased foot traffic. The store also holds a liquor licence, allowing the new owner to sell permitted beverages. There is potential to expand product displays and add additional shelving/racks to further optimize retail space and product variety. A prime location with growing connectivity and multiple income opportunities.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 20 BAY ST Street 108A, Toronto C01, ON M5T 2Z5
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 $199,000 in Toronto, the legal minimum down payment is $9,950 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 $1,715 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,715 also applies, bringing the total estimated land transfer taxes to $3,430.
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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.