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.
Wonderful investment opportunity mixed use building commercial/residential with great exposure on St. Clear Ave West. Two upgraded units and full basement in very good condition. Flexible zoning with many uses allowed for professional office and/or retail. Previously the entire property was used as a dental clinic. Second floor residential unit includes full bathroom and a kitchen and can be easily reconverted into a 2 bedroom + den. Potential to extend the building at the back and almost double its size. Create another unit or more office space. Ideal set up to live upstairs and work downstairs or rent both units. The commercial tenant can pay some of the taxes, maintenance and insurance to reduce costs and make it even a better investment. Seller can give a mortgage at a reasonable interest rate. Streetcar stop in front of the building going into the subway, easy and fast access to downtown, near by public parking close to shopping, restaurants, schools and park
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What’s NearbyDistances approximate
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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$4,296/mo
Mortgage (principal + interest)$3,255
Property taxFrom listing: $12,500/yr$1,042
Minimum $62,000 down for this price; the slider moves in whole percent, starting at 8%. 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$174,000
Ontario land transfer taxProvincial brackets, no first-time refund$13,875
Toronto land transfer taxMunicipal brackets, no first-time refund$13,875
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$204,550
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.
