2685 Eglinton Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Eglinton East. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,398,000 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 21.7 x 210 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Fantastic opportunity to own a versatile mixed-use property in a prime, high-traffic location on Eglinton Ave E in Scarborough. This well-maintained building features both commercial and residential components, making it ideal for investors or end users seeking strong, stable income potential. The commercial space offers excellent street exposure with consistent foot and vehicle traffic, while the residential units provide comfortable living with separate entrances, ensuring privacy and flexibility. Strategically located near major highways, public transit (KENNEDY GO and SUBWAY STATIONS), shopping, and everyday amenities, this property delivers unmatched convenience for both business and residential occupants. Ample parking and outstanding visibility further enhance its appeal, making it a rare find in one of Toronto's rapidly growing and high-demand corridors. Extras: TWO residential units on the upper level, ONE street-front commercial unit, and ONE basement commercial unit. Property includes FOUR hydro meters, a new electrical panel, and a newly installed fence with durable galvanized gates at the rear. Investment Highlight: All four units are currently tenanted, providing immediate rental income.
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Pricing & Value Insights
Data-driven valuation for 2685 Eglinton Avenue E, Toronto E08, 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 $1,398,000 in Toronto, the legal minimum down payment is $279,600 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 $24,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $24,435 also applies, bringing the total estimated land transfer taxes to $48,870.
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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.
