384 Yonge Street, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Bay Street Corridor. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $3,500 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
- Spacious lot size measured in Feet
- Convenient underground garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Excellent opportunity to lease a commercial food court / take-out eating establishment unit. Gross area approximately 749 sq ft, including dining area, with approximately 219 sq ft net kitchen area. Zoning permits commercial food court and take-out restaurant use. Unit features 10 ft ceilings and power supply of 60A, 120V/208V, 3-phase. Water is not separately metered; electrical is separately metered.Base rent is $3,500/month plus TMI. Tenant responsible for TMI including property taxes ($1,064.45/month) and maintenance/common expenses ($1,720.36/month).Existing improvements include sinks and kitchen exhaust system installed. Plumbing, electrical, and gas lines to be installed and made ready for restaurant use. Fryers, flat grills, ranges, work tables, shelving, refrigeration/freezer equipment, and other restaurant appliances are not included and to be supplied by tenant.Preferred lease term is 3 or 5 years. Security deposit equal to 3 months' rent. Rent escalation negotiable. No known restrictions.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 384 Yonge Street 49, Toronto C01, ON M5B 1S8
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 $3,500 in Toronto, the legal minimum down payment is $175 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 $18 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $18 also applies, bringing the total estimated land transfer taxes to $35.
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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.
