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.
Alexander Falafel located on 1233 Queen Street West is one of the oldest Shawarma restaurants in the city. It's been running for the last 20 years and it is home to the very historical and lively Parkdale area close to downtown. People come all around to try this food and explore the area with the amount of events and places nearby like CNE, Grand Liberty and Ontario Place. Alexander Falafel is operated for long hours, 11 AM to 3 AM seven days a week. The restaurant is situated close to many renowned bars such as Rhino Bar, Motel Bar, Cadillac Lounge, Parkdale Drink and Stone Bar. It has also been recently upgraded with new equipment and completely revamped and updated with a new fresh look, ensuring that everything looks new and enticing. Overall a very profitable business with low food costs and generally it is an easy to manage restaurant.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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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$4,068/mo
Mortgage (principal + interest)$933
Property taxFrom listing: $37,614/yr$3,135
Minimum $12,475 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$49,900
Ontario land transfer taxProvincial brackets, no first-time refund$2,220
Toronto land transfer taxMunicipal brackets, no first-time refund$2,220
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$57,140
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.
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