2977 Lake Shore Boulevard, Toronto, ON
Property Highlights
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 $145,000 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 2 Bathrooms
- Premium 17.66 x 100 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Excellent location for passionate new owners. Could be offered as a franchise with zero franchise fee, otherwise you could turn it into your own dream restaurant. Previous restaurant owner used basement for entertaining small parties (fully renovated basement to accommodate such small events or alternatively a complimentary business - such as a game room, etc)
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2977 Lake Shore Boulevard W, Toronto W06, ON M8V 1J8
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 $145,000 in Toronto, the legal minimum down payment is $7,250 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 $1,175 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,175 also applies, bringing the total estimated land transfer taxes to $2,350.
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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.
