253 Gerrard Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Moss Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $85,000 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 partial central cooling and highly efficient baseboard heating
Description
Discover a charming restaurant in the bustling East End, currently serving delightful Asian cuisine. This location spans approximately 900 sq ft and offers an incredibly affordable rent of just $3500 + HST. The lease expires in 2030 with an additional 5-year option. This prime spot is perfect for a café, dessert venue, or any type of restaurant. Don't miss this opportunity to run a restaurant for under $4,000 in rent and no TMI, water bills are fully covered by landlord. Seize the chance now!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 253 Gerrard Street E, Toronto C08, ON M5A 2G1
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 $85,000 in Toronto, the legal minimum down payment is $4,250 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 $575 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $575 also applies, bringing the total estimated land transfer taxes to $1,150.
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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.
