2849 Kingston Road, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Cliffcrest. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $79,000 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 40 x 120 ft lot size
- Convenient street garage included
- equipped with no central cooling and highly efficient gas forced air closed heating
Description
Opportunity awaits with this well-located 1200 sqft restaurant business at the busy intersection of Kingston Road and St. Clair Avenue. Positioned near three schools and surrounded by growing residential neighborhoods, this business benefits from consistent foot traffic and strong community presence. The space features a new 8ft commercial hood and a flexible layout, making it suitable for a variety of cuisines and concepts. All kitchen equipment is included in the sale price, providing a turnkey solution for a buyer ready to step in and operate immediately. Key Highlights: - Prime corner location with excellent street visibility and signage potential - Steady customer flow driven by nearby schools and residential areas - Modern kitchen ventilation system recently installed - Fully equipped kitchen and appliances included in the sale - Landlord willing to provide a new lease with terms satisfactory to the new tenant - Ideal for owner-operators or investors looking for a ready-to-go restaurant business. This business presents a solid foundation with great potential for growth in a vibrant neighborhood. Whether you're launching a new concept or expanding your portfolio, this turnkey operation offers both flexibility and immediate opportunity.
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Pricing & Value Insights
Data-driven valuation for 2849 Kingston Road, Toronto E08, ON M1M 1N2
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 $79,000 in Toronto, the legal minimum down payment is $3,950 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 $515 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $515 also applies, bringing the total estimated land transfer taxes to $1,030.
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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.
