255 Morningside Avenue, Toronto, ON

$30
MLS#:E12041352
0 beds
0 baths
Commercial
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Property Highlights

Welcome to this remarkable commercial retail located in the coveted neighborhood of West Hill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $30 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
  • Convenient public garage included
  • equipped with yes central cooling and highly efficient gas forced air closed heating

Description

Towards the east of Toronto, in the highly populated West Hill neighbourhood, is a strong retail node that stretches across 3 major roads, known as Morningside Crossing. This strong family-oriented neighbourhood has shown continuous growth making it an ideal location. FCR properties in close proximity include Kingston Square, Kingston Square West and 4411 Kingston Road. Morningside Crossing features notable tenants such as Shoppers Drug Mart, Food Basics, LCBO, Bulk Barn, Dollarama, Fit 4 Less, several banks, and many more serving all of the neighbourhoods retail shopping needs.*** Cam Is $7.96 Psf, Taxes Are $10.58 Psf Per Annum In Addition.*** Tenants Must Be Pre-Qualified By Landlord Prior To Booking Showings! ***

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Key Features

Property Type
Commercial

Additional Details

StatusExtension
Listed Date3/25/2025
Transaction TypeFor Lease

Property Details

Property Sub-TypeCommercial Retail
CountyToronto
Annual Tax$18.54

Parking & Garage

Garage TypePublic

Heating & Cooling

Heat TypeGas Forced Air Closed
CoolingYes

Features

Property Features

Interior Features

Security Features

Yes

Community Features

Location

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255 Morningside Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 255 Morningside Avenue E01002A, Toronto E10, ON M1E 3E6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$2 (6.7%)
* Minimum Canadian down payment required for this price is $2.
Amortization Period25 Years
Estimated Monthly Payment$0Based on a loan of $28 over 25 years.
Purchase Price$30
Loan Amount$28
Provincial Land Transfer Tax:$0
Toronto Municipal Land Transfer Tax:$0
Total Estimated Closing Taxes:$0

About Purchasing a Home in Toronto, ON

For a property listed at $30 in Toronto, the legal minimum down payment is $2 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 $0 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $0 also applies, bringing the total estimated land transfer taxes to $0.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for West Hill, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$955,175

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Martin de Porres
Public230 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3E1
4.7
St Margaret
Public235 Galloway Road, Scarborough, Toronto, Ontario, M1E 1X5
7.4
St Malachy
Public80 Bennett Road, Scarborough, Toronto, Ontario, M1E 3Y3
5.6
St Ursula
Public215 Livingston Road, Scarborough, Toronto, Ontario, M1E 1L8
6.7
Saint-Michel
Public29 Meadowvale Road, Scarborough, Toronto, Ontario, M8Y 1R7
6.2

Secondary Schools

West Hill
Public299 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3G1
4.9
Sir Wilfrid Laurier
Public145 Guildwood Parkway, Scarborough, Toronto, Ontario, M1E 1P5
6.2
Sir Oliver Mowat
Public5400 Lawrence Avenue East, Scarborough, Toronto, Ontario, M1C 2C6
7.0
Cedarbrae
Public550 Markham Road, Scarborough, Toronto, Ontario, M1H 2A2
4.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.