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.
Discover the potential of this large restaurant property with spacious living accommodations above! Featuring 5 bedrooms and 2 bathrooms upstairs, this unique property offers an exciting opportunity for someone looking to bring new life to a well-sized commercial space while having the convenience of living where you work. Whether you have always dreamed of running your own restaurant, creating a live/work space, or taking on a project with plenty of possibilities, this property is ready for someone with a vision. The property has already undergone numerous improvements, including some new windows and doors, new insulation, new wiring in the front half of the downstairs and the back half of the upstairs, some new structural beams in on the main floor, and a new bathroom upstairs. Heating ducts have also been installed beneath the front booths, and all of the restaurant booths are included with the property. There is even additional brick on the property that can be used to redo the front of the building, providing an opportunity to continue improving the exterior while maintaining its character, as well as a ponyroof that provides the opportunity to extend the second floor or add a balcony. There is still work to be completed, but much of the ground work has already been done, creating an excellent opportunity for someone with a vision to finish the transformation. This property offers the opportunity to create something truly unique. Bring your ideas and finish making this property your own!
Demographic data is not available for this area yet.
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Age Groups
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Owners vs Renters
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Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,901/mo
Mortgage (principal + interest)$1,665
Property taxFrom listing: $2,839/yr$237
Minimum $22,250 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$89,000
Ontario land transfer taxProvincial brackets, no first-time refund$5,375
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$97,175
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Addington Highlands has no municipal land transfer tax (Toronto does).
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.
