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.
A mixed-use/live-work! hard to find detached, corner property at Rogers Road & Boon Ave. A great find for the discerning Investor. This Live/Work Opportunity has great rental income with established restaurant on the first floor for over 20 years. Restaurant Commercial unit facing Rogers Road, with separate storage unit. Separate entrance facing Boon Ave provides access to 2nd Floor tenants, with 1 bachelor Unit, and a 1 bdrm Apt., with walk-out sliding door to an open terrace overlooking the Toronto skyline. The finished basement has a separate entrance with two 1 bedroom self contained apartments.Other conveniences include separately metered units and entrances. Three private parking spots fronting Rogers Rd. Public transportation at the door, TTC, minutes to Eglinton LRT. Schools, shopping, restaurants and parks. Community Centres with pools nearby. Minutes to 401, 400, and Allen Expressway. Whether you're looking for an owner occupied with live/work and rental income, or a redevelopment opportunity, this property is a solid investment in the heart of the city. Tenants are month-to-month and are willing to stay, or vacant possession can be arranged.
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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$6,374/mo
Mortgage (principal + interest)$5,608
Property taxFrom listing: $9,200/yr$767
Minimum $124,900 down for this price; the slider moves in whole percent, starting at 9%. 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$299,800
Ontario land transfer taxProvincial brackets, no first-time refund$26,455
Toronto land transfer taxMunicipal brackets, no first-time refund$26,455
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$355,510
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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