501 Passmore Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable industrial 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 $1,498,880 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
- equipped with partial central cooling and highly efficient radiant heating
Description
Professionally Managed, Well Maintained Industrial Complex. Both Units 31 and 32, Have Bright Open Exposure To Passmore. Great for a Variety of Uses! Owner Has Kept This Commercial Property In Wonderful Condition. Total Square Footage Is 3690 Sq ft with An Additional (Est.) 415 Sq ft Caged Mezzanine For Secure Storage. In addition, there is a 200amp breaker with 347/600 Volt Service with a benefit of 120/240 volt step down transformer which allows you to have the benefit of three phase or single phase power. Clean And Functionable with painted warehouse floors, and heating in the warehouse provided by a professional Schwank German commercial radiant tube system. Showroom has plenty of sunlight with added 30 degree upper windows for amazing natural lighting. 1 drive in access with Overhead garage door complete with a commercial door opener for full-size truck deliveries. Close To Major Roads and Highway. Hydro, Gas and Water Are Separately Metered.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 501 Passmore Avenue 31 & 32, Toronto E07, ON M1V 5G4
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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 $1,498,880 in Toronto, the legal minimum down payment is $299,776 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 $26,453 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,453 also applies, bringing the total estimated land transfer taxes to $52,905.
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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.
