4656 Kingston Road, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of West Hill. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,888,000 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 196 x 109 ft lot size
- equipped with yes central cooling and highly efficient other heating
Description
Rare Kingston Road Investment / Development / Land Banking Opportunity In Scarborough's West Hill Community. Approx. **21,441.69 Sq. Ft. / 0.492 Acres** With **196 Ft Frontage** On Prime Kingston Rd. Property Benefits From **Commercial Residential (CR) Zoning**, Mixed Use Land Use Designation, And Kingston Road Avenue Revitalization Context. Existing Long-Standing Auto Dealership Use With Grandfathered Used Car Sales Lot Characteristics, Offering Rare Appeal For Automotive Operators, Owner-Users, Developers, Land Bankers, And Investors. Site Includes Sales/Service Structure, Former Car Wash Structure, And Large Paved Display/Storage Area. Clean Phase I And Phase II ESA Reports Available. Excellent Location Near U Of T Scarborough, Centennial College Morningside Campus, Guildwood GO, Hwy 401, Major Retail, Parks, And Established Residential Communities. Nearby Kingston Rd Developments Demonstrate The Corridor's Ongoing Intensification, Including 4569 Kingston Rd And 4630 Kingston Rd. Potential Future Mixed-Use, Condo, Rental, Or Commercial/Residential Redevelopment To Be Verified By Buyer And Subject To City Approval, Zoning, Site Plan Approval, And Building Permits. Seller Leaseback Option Available For Buyers Seeking Interim Holding Income While Exploring Future Development.
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Pricing & Value Insights
Data-driven valuation for 4656 Kingston Road, Toronto E10, ON M1E 2P9
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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 $4,888,000 in Toronto, the legal minimum down payment is $977,600 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 $108,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $108,675 also applies, bringing the total estimated land transfer taxes to $217,350.
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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.
