Welcome to this remarkable sale of business located in the coveted neighborhood of New Toronto. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $124,990 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.
Run a Gaming Lounge, VR Studio, Virtual Golfing business in this fully turnkey business features brand-new bar setup and equipment, professionally maintained pool and snooker tables, and a valid LLBO license secured until August 2028. Low rent of $3900 (including TMI) and landlord already okay for a longer 5+5 year lease starting at monthly rent of $3900 a month including TMI. Boasting a 5-star Google rating, the lounge enjoys a loyal customer base and an excellent reputation. With low overhead and consistent income, it is ideal for tournament nights, birthday parties, date nights, corporate bookings, team-building events, and live sporting viewings. Currently operating from 4 PM till late night with no limitations on timings, there is strong potential to further increase revenue through expanded programming and events. A fantastic opportunity for investors or owner-operators seeking a steady-income business in a vibrant and established community.
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Data-driven valuation for 2789 Lakeshore Boulevard W, Toronto, ON M8V 1H4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $124,990 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.