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.
Very good opportunity to buy mixed-use building with CG zoning. Buyer can live above level and run the business on main level in commercial unit. Upper Level is living apartment with 2 bedrooms and 1 full washroom with private deck. Currently running established Pizza Store business there is an opportunity to convert any other businesses like restaurant or take-out, bakeshop, retail, personal service, office, clinic, and more. Main level commercial kitchen with included equipment, multiple dining areas with generous seating space, and two washrooms. There is finished basement with 2 bedrooms and full washroom. A lot is very big which allows 12 cars parking. The property is located in Elmvale Downtown. 20 minutes far from Hwy 400.
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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$3,356/mo
Mortgage (principal + interest)$2,985
Property taxFrom listing: $4,443/yr$370
Minimum $54,800 down for this price; the slider moves in whole percent, starting at 7%. 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$159,600
Ontario land transfer taxProvincial brackets, no first-time refund$12,435
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$174,835
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Springwater 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.
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