518 Centennial Road, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Centennial Scarborough. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $199,999 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
- Spacious lot size measured in Feet
- Convenient in/out garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
High visibility landmark location offering approx 131ft corner frontage/ exposure along Kingston Road with significant signage. Suits specialty automotive shop, auto repair, collision service, used car lot, other. Take over this turnkey business established over the last 10 years serving as a mechanic shop previously the site of John's Tires.Exclusive use of 17 parking spaces along Kingston Rd. 5 vehicles can fit inside. there are 3 hoists and all of the equipment you will need for a fully operational mechanic shop with tremendous potential for growth! Seller has an extensive book of business he is willing to share upon exit.Profit and Loss Statements (Lankar - Software) and List of Equipment/ Chattels (included)subject to Confidentiality Agreement.The interior layout includes office, reception area, 2 washrooms, staffroom, mezzanine,changing area, and a parts storage room/ area. Watch the Virtual Tour for an in-depth overview of the interior and exterior.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 518 Centennial Road N 1, Toronto E10, ON M1C 2A6
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 $199,999 in Toronto, the legal minimum down payment is $10,000 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 $1,725 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,725 also applies, bringing the total estimated land transfer taxes to $3,450.
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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.
