736 Bay 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 $299,000 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 2 Bathrooms
- Premium 813.95 x 662.34 ft lot size
- Convenient underground garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Karahi Point Express is a popular Indian food franchise with multiple locations throughout Toronto and the GTA. This downtown store has great sales and profits for ownership. The location is situated on Bay Street in downtown Toronto, offering excellent exposure and foot traffic. The 1,450 sq. ft. layout includes seating for 30 and a large pickup counter, creating a hybrid of quick service and sit-down dining. The kitchen is fully equipped with three separate hood systems with ecology units totaling 17 combined feet, along with two walk-in coolers, providing a turnkey setup for a variety of culinary operations. The lease is below market at $7,345 gross, including TMI and CAM, with 8.5 years remaining. One parking space is included for convenience. This is a rare opportunity to acquire a fully operational restaurant in a prime downtown location. Please do not contact staff or ownership directly.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 736 Bay Street, Toronto C01, ON M5G 2M4
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 $299,000 in Toronto, the legal minimum down payment is $14,950 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 $2,960 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $2,960 also applies, bringing the total estimated land transfer taxes to $5,920.
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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.