635 Gerrard Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of South Riverdale. 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 1 Bathroom
- Premium 15.02 x 114.72 ft lot size
- Convenient street garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
The famous Gerrard St. Bakery has been in operation since 2018 and has built a great reputation with solid sales and excellent reviews online. Located in the heart of Chinatown East on Gerrard St E just like the name of the business. This location is available as is with training and goodwill or potentially to a different operator looking to bring in their own concept,cuisine, or franchise. Fully set up as a bakery and cafe with all of the required equipment.Great lease rate of $3,318 Gross Rent including TMI with 4 + 5 years remaining. Easy to run1,000 sq ft layout with a large baking area and lots of prep. Multiple ovens and 1 walk-in fridge. This business produces income on top of salary.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 635 Gerrard Street E, Toronto E01, ON M4M 1Y2
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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 $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.
