55 Gervais Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Banbury-Don Mills. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $9,495,000 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
- Spacious lot size measured in Feet
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
**User/Investor Opportunity**. 100% A/C industrial/office building on 1.05 acres. Area of 8,910 SF now available (all W/H with W/R's and 12' W x 12'10" H (electric) Drive-in door. The leased unit of 11,600 SF unit has +/-11,300 SF finished with double man door (lease contains a landlord termination right) - Do Not go direct. Site has 40+ parking spaces. New paving and drains in June 2025. Roof and rooftop HVAC were replaced in fall 2019. Quick access from DVP via Eglinton Avenue & Wynford Drive. Short walk to Eglinton Crosstown LRT (two stations) and the Don Valley Station transit hub. MO zoning: (place of worship, certain schools, service shops and others), see links attached.
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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 55 Gervais Drive, Toronto C13, ON M3C 1Z2
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 $9,495,000 in Toronto, the legal minimum down payment is $1,899,000 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 $223,850 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $223,850 also applies, bringing the total estimated land transfer taxes to $447,700.
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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.
