86 Melford Drive, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Malvern. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $150,000 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 20 x 63 ft lot size
- Convenient outside/surface garage included
- equipped with partial central cooling and highly efficient gas forced air closed heating
Description
Spacious Auto Body/Auto Repair Shop in Prime Scarborough Location. Well-maintained industrial unit featuring large open workspace, upstairs office, customer waiting area, kitchenette, and private washroom. Located in a high-traffic automotive plaza with steady walk-in clientele. Low monthly rent makes this an excellent opportunity for owner-operators or investors. Unit comes equipped with a variety of tools and machinery, offering a turnkey setup for auto body, mechanical repair, or related uses. Ideal for those seeking a functional, ready-to-operate shop in a sought-after commercial area.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 86 Melford Drive 8, Toronto E11, ON M1B 2X7
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 $150,000 in Toronto, the legal minimum down payment is $7,500 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 $1,225 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,225 also applies, bringing the total estimated land transfer taxes to $2,450.
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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.
