The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Strategically located industrial showroom and warehouse unit in the heart of Toronto's Design District, just steps from Orfus Road and Yorkdale Mall. This versatile space is ideal for businesses requiring a combination of showroom, warehouse, distribution, and retail operations. Exceptional connectivity with immediate access to Highways 400 and 401 ensures efficient shipping and logistics, while a TTC station at the doorstep provides convenient access for employees and customers alike. The current lease term consists of 3 years and 11 months, with an additional 5-year renewal option. Current gross rent is $10,000 per month, TMI/HST included. The seller is willing to include the existing inventory and goodwill for purchasers intending to continue the current business. An outstanding opportunity for furniture, home décor, lighting, or other showroom-oriented businesses. Alternative uses, including recreational facilities and other compatible commercial uses, may be considered, subject to landlord approval of the proposed use and tenant profile.
Minimum $1 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$2
Ontario land transfer taxProvincial brackets, no first-time refund$0
Toronto land transfer taxMunicipal brackets, no first-time refund$0
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$2,802
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
