Welcome to this remarkable sale of business located in the coveted neighborhood of East End-Danforth. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $249,888 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.
An exceptional opportunity to acquire A Plus Cut, a well-established and profitable hair salon that has operated under its current name for over 42 years. The owner has proudly served the local community for more than 50 years, building an outstanding reputation and an exceptionally loyal, multi-generational clientele. Families have returned for decades, with parents introducing their children and grandchildren, creating a strong foundation of repeat business while new customers continue to discover the salon through its excellent reputation and word-of-mouth referrals. Ideally situated at the highly visible intersection of Danforth Avenue and Main Street, the salon enjoys outstanding exposure, heavy pedestrian and vehicle traffic, and excellent access to public transit. Surrounded by high-rise condominiums, apartment buildings, established neighbourhoods, and a vibrant mix of retail and service businesses, the location provides asteady flow of both loyal and walk-in clientele. Operating successfully in an area with limited direct competition, this turnkey business offers stable income, an established brand, and excellent potential for an owner-operator or investor looking to continue a respected legacy in one of Toronto's busiest commercial corridors.
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This could be the first listing for this address.
Data-driven valuation for 298 Main Street, Toronto, ON M4C 1L4
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 $249,888 in Toronto, the legal minimum down payment is $12,494 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 $2,224 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $2,224 also applies, bringing the total estimated land transfer taxes to $4,448.
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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.