282 Richmond Street, Toronto, ON
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Property Highlights
Welcome to this remarkable office 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 $5,265,000 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 34 x 98 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
This is a rare opportunity to acquire a distinctive brick and beam building in the heart of downtown Toronto. With versatile occupancy options, this property is perfect for an owner-occupier or end user seeking to fully or partially occupy the space while benefiting from additional rental income from current Tenants. For investors, it presents the chance to stabilize the asset and enjoy cash flow from rental income, with potential redevelopment upside in the future. Situated just an 18-minute walk from Union Station, the building is nestled in historic Old Town Toronto, surrounded by the King Streetcar, St. Lawrence Market, and a vibrant mix of local eateries and cafes. The property boasts exceptional pedestrian pedestrian and vehicular exposure, paired with direct TTC access for seamless commuting.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 282 Richmond Street E, Toronto C08, ON M5A 1P4
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 $5,265,000 in Toronto, the legal minimum down payment is $1,053,000 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 $118,100 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $118,100 also applies, bringing the total estimated land transfer taxes to $236,200.
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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.
