426-428 Dawes Road, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of O'Connor-Parkview. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,555,000 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 53.51 x 116.58 ft lot size
- Convenient plaza garage included
- equipped with no central cooling and highly efficient baseboard heating
Description
MOTIVATED SELLER. *****BRING AN OFFER******Welcome to Prime Investment property. This versatile mixed-use property features four 2-bedroom units and two 1-bedroom units (6 Apartments and 1 huge divisible retail unit with potential to expand) offering strong income potential. TTC bus stops right at the doorstep with direct access to the subway. Commercial and residential zoning allows for flexible use and future development opportunities. a wide-front retail space with zoning that allows for multiple uses ideal for medical offices, professional services, retail businesses, and more. Opportunity to expand the retail space into the north walkway of 428 Dawes (subject to zoning approval). Ten city-registered parking spots at the rear of the building, with capacity to accommodate up to 12 vehicles. The main-floor commercial unit, previously divided into two spaces, includes three 2-piece washrooms and is equipped with gas heating and air conditioning. A spacious 1,957 sq. ft. basement that is high, dry, and clean, featuring two washrooms. It was formerly divided and can be partitioned again if needed. Equipped with seven hot water tanks and nine separate hydro meters for convenience and efficiency. This is a rare chance to own a high-potential property in a sought-after location.SENIORS - MOTIVATED SELLER. ***VTB available for qualified Buyers****
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Pricing & Value Insights
Data-driven valuation for 426-428 Dawes Road, Toronto E03, ON M4B 2E8
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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 $4,555,000 in Toronto, the legal minimum down payment is $911,000 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 $100,350 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $100,350 also applies, bringing the total estimated land transfer taxes to $200,700.
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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.
