307 Spadina Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $128,000 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 20 x 110 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Well-established restaurant over two floors in a AAA prime location in Chinatown with excellent visibility and high foot traffic. Recently renovated with a fully equipped kitchen, including a long commercial exhaust hood, walk-in cooler and freezer. Licensed for 81 seats (LLBO). Functional layout with kitchen and main dining area on the ground floor, additional seating on the second floor, and basement with storage and washrooms. Convenient access, prominent signage, and suitable for a wide variety of restaurant concepts. Turnkey opportunity in a high-demand location.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 307 Spadina Avenue, Toronto C01, ON M5T 2E6
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 $128,000 in Toronto, the legal minimum down payment is $6,400 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 $1,005 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,005 also applies, bringing the total estimated land transfer taxes to $2,010.
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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.
