528 Yonge Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Bay Street Corridor. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $199,000 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 20 x 56 ft lot size
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Exceptional opportunity to own a fully equipped, turnkey restaurant in a prime downtown location. Situated on a highly visible corner unit with outstanding exposure, this space benefits from heavy foot traffic throughout the day. The restaurant is fully built-out and ready for immediate operation, featuring a commercial kitchen with walk-in cooler and freezer. LLBO licensed with seating for 43 indoors, plus an additional 30 seats on the patio. Located just a 3 minute walk from Wellesley subway station, and surrounded by high-rise residential condos. Close proximity to major institutions including University of Toronto, Toronto Metropolitan University, and OCAD University, ensuring consistent customer flow. This is a profitable business with strong potential for continued growth.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 528 Yonge Street, Toronto C01, ON M4Y 1X9
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 $199,000 in Toronto, the legal minimum down payment is $9,950 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 $1,715 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,715 also applies, bringing the total estimated land transfer taxes to $3,430.
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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.
