2651 Eglinton Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable store w apt/office located in the coveted neighborhood of Kennedy Park. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,750,000 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 25 x 230 ft lot size
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient radiant heating
Description
Ideally situated on a major arterial road within a high-traffic strip plaza, this versatile mixed-use property offers outstanding visibility, strong pedestrian traffic, and convenient access to public transit. Surrounded by a well-established residential community, the property provides both stable income and long-term growth potential.The building features:1 retail/commercial unit, 4 x residential apartments, including:2 spacious two-bedroom units, 1 large one-bedroom unit, 1 bachelor unit with additional basement space. The residential units provide consistent supplementary rental income, while the commercial space benefits from excellent street exposure and dual front/rear access. Property features strong income potential with multiple revenue streams. Tenants pay their own hydro. Full unfinished basement ideal for storage. Large retail display window, 2-piece washroom in retail unit. Front and rear access. Rear laneway access for deliveries. Excellent opportunity for investors or owner-operators. A rare chance to acquire a well-located, income-producing mixed-use property with future upside from the upcoming Scarborough Subway Extension currently under construction along Eglinton Avenue.
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Pricing & Value Insights
Data-driven valuation for 2651 Eglinton Avenue E, Toronto E04, ON M1K 2S2
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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 $2,750,000 in Toronto, the legal minimum down payment is $550,000 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 $55,225 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $55,225 also applies, bringing the total estimated land transfer taxes to $110,450.
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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.
