514A Evans Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Alderwood. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $899,999 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 2 Bathrooms
- Premium 16.01 x 120.17 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Renovated commercial property in Toronto's Employment Industrial Zone offering 1,600 square feet of total space across two levels. Lower level currently tenanted. Main floor - 800 square feet - vacant and available for immediate occupancy. E 1.0 zoning permits a wide range of commercial uses outright including office, service shop, production studio, custom workshop and software development. Two onsite parking spaces. Property fully renovated throughout. May offer potential for 2nd floor addition and extension subject to applicable permits, City of Toronto zoning review confirmation, and buyer's own due diligence. All development inquiries to be verified independently by the buyer.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 514A Evans Avenue, Toronto W06, ON M8W 2T7
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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 $899,999 in Toronto, the legal minimum down payment is $65,000 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 $14,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $14,475 also applies, bringing the total estimated land transfer taxes to $28,950.
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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.
