843 Kennedy Road, Toronto, ON
Property Highlights
Welcome to this remarkable office located in the coveted neighborhood of Ionview. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $12,000,000 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 379.46 x 183 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Welcome to 843 Kennedy Road, a rare opportunity to acquire a 30,221 square foot (sf) institutional office building, sitting on 1.66 acres, boasting 380 feet of frontage on Kennedy Road, just north of Eglinton. An additional 2,401 sf of basement/service area not included in the square footage. The two-story building was formerly occupied by a community non-profit organization, and features a mix of open areas, offices, meeting rooms, staff areas, and a small gymnasium and outdoor areas, supporting a range of institutional and community-serving uses. The property includes 97on-site parking spaces, including 4 Electric Vehicle charging stations. Ideally located minutes from the Eglinton Crosstown LRT, Kennedy TTC and GO Stations, and is a short drive to an abundance of retail amenities and the HWY 401 and DVP on ramps. The property is currently subject to site-specific Institutional zoning (I 0.65*91), permitting a residential care facility and offices related to community or public services, making it well suited for healthcare, social service, educational, and other community-oriented organizations. Purchasers may wish to explore planning applications to broaden permitted institutional uses or to align zoning with the Official Plan's Residential designation of "Apartment Neighborhoods." Although preliminary discussions with Planners have occurred, buyers are encouraged to conduct their own due diligence as it pertains to zoning and future intended use.
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Pricing & Value Insights
Data-driven valuation for 843 Kennedy Road, Toronto E04, ON M1K 2E3
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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 $12,000,000 in Toronto, the legal minimum down payment is $2,400,000 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 $286,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $286,475 also applies, bringing the total estimated land transfer taxes to $572,950.
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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.
