24 Wellesley Street, 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 $125,000 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 1 Bathroom
- Spacious lot size measured in Feet
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Well-established dry cleaning business with 14 active locations, including a flagship store in a prime downtown location with exceptional foot traffic. Ideally positioned next to RABA Foods and just steps from universities, government offices, and major new developments, this location benefits from constant exposure and a strong customer flow. The business generates consistent revenue through both dry cleaning and alteration services and is known for its loyal, repeat clientele. Simple to manage and well-operated, it offers excellent potential for continued growth. Attractive opportunities are available for a new owner to further increase profitability. Training will be provided to ensure a smooth transition. A rare chance to acquire a thriving business in a rapidly growing and high-demand area-don't miss out!
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 24 Wellesley Street W 6, Toronto C01, ON M4Y 2X6
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 $125,000 in Toronto, the legal minimum down payment is $6,250 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 $975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $975 also applies, bringing the total estimated land transfer taxes to $1,950.
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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.
