Welcome to this remarkable commercial retail located in the coveted neighborhood of Roncesvalles. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,500,000 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.
Colliers is pleased to present the sale of 343-347 Roncesvalles Ave, a prominent two-storey retail asset boasting 54 feet of prime frontage on one of Toronto's busiest streets in the heart of Roncesvalles Village. The property offers 9,161 square feet of net rentable area with two ground floor units (Home Hardware is owner-occupied, and the other unit is leased to a local clothing retailer). The Home Hardware business is being sold with the underlying retail assets. Pollock's Home Hardware is family owned and operated which has served the Roncesvalles community for over 60 years. The second floor features three spacious 1-bedroom residential units (1,050 sq ft each) with two residential units to be provided vacant on closing.
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Data-driven valuation for 343-347 Roncesvalles Avenue, Toronto, ON M6R 2M8
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 $5,500,000 in Toronto, the legal minimum down payment is $1,100,000 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 $123,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $123,975 also applies, bringing the total estimated land transfer taxes to $247,950.
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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.