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.
[Thai Coconut] Prime opportunity to acquire a well-established Thai restaurant with over 20 years of history in a highly visible and convenient location on Prince of Wales Drive. This turnkey business has built a loyal and established customer base over the years and is primarily focused on takeout, offering an established business model with consistent customer demand.The sale includes the existing kitchen equipment, dining tables and chairs, allowing the new owner to take over the operation with minimal additional setup. The current owner is also willing to provide training and transition support to help ensure a smooth handover and seamless continuation of the business after closing.The business benefits from approximately 5 years remaining on the current lease, with all-inclusive rent covering water, electricity and property taxes. The owner is responsible for gas, which typically ranges from approximately $200-$300 per month depending on the season.The lease includes two underground parking spaces, with additional underground parking available at only $50 per space per month. The building is professionally managed, with responsive property management that addresses maintenance and building-related matters efficiently. The landlord is also very cooperative, providing a supportive environment for the continued operation of the business.
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Estimated Rental Income
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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$471/mo
Mortgage (principal + interest)$471
Minimum $6,300 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$25,200
Ontario land transfer taxProvincial brackets, no first-time refund$985
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$28,985
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Mooneys Bay - Carleton Heights and Area 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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