3101 Kennedy Road, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Milliken. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $988,000 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 1 Bathroom
- Premium 13 x 60 ft lot size
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Exceptional opportunity to own a fully finished retail unit in a brand-new commercial plaza Gourmet City at a prime Scarborough location. This is currently the only fully renovated retail unit within the entire development, offering a rare turnkey opportunity for business owners and investors alike. Professionally finished with quality improvements, allowing immediate occupancy and operation while avoiding the time, cost, and uncertainty of completing a new build-out. Strategically located at the high-traffic intersection of Kennedy Rd and McNicoll Ave, surrounded by established residential communities, schools, restaurants, shopping centres, and major transportation routes. Excellent exposure, and strong future growth potential make this an outstanding investment in one of Scarborough's most dynamic commercial corridors.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 3101 Kennedy Road B6, Toronto E07, ON M1V 0G9
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 $988,000 in Toronto, the legal minimum down payment is $73,800 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 $16,235 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,235 also applies, bringing the total estimated land transfer taxes to $32,470.
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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.
