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.
Prime 3,432 SF Commercial/Retail Condo Unit (Combined) in Booming Rouge, Scarborough! An outstanding opportunity to own or invest in a large-format, high-traffic retail/commercial space in one of Scarborough's fastest-growing communities. This combined unit - merging two adjacent retail condo units - offers 3,432 SF of flexible retail/commercial space just seconds from Hwy 401, with over 75,000 residents in the immediate trade area for unmatched exposure and built-in customer demand. Flexible zoning supports a wide range of uses - medical, dental, restaurant, office, retail, salon/spa, and more - making this an ideal fit for owner-operators or investors seeking a versatile, large-format asset. A new 12-storey residential tower is coming to the same complex, adding 200+ new units and a steady stream of foot traffic right to your doorstep. Surrounded by an established and rapidly expanding trade area, this location benefits from proximity to Rouge National Urban Park, Toronto Zoo, TTC transit, and the University of Toronto Scarborough campus, drawing consistent local and visitor traffic year-round. Added flexibility for investors: while being sold as one combined 3,432 SF unit, each unit maintains its own separate title, giving the buyer the future option to lease or sell either unit individually - ideal for those looking to occupy one space while generating rental income from the other, or to divest a portion down the road. A rare chance to secure a large-format retail space with built-in flexibility, in a neighbourhood on the rise.
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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$6,173/mo
Mortgage (principal + interest)$6,173
Minimum 20% ($330,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$330,000
Ontario land transfer taxProvincial brackets, no first-time refund$29,475
Toronto land transfer taxMunicipal brackets, no first-time refund$29,475
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$391,750
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.
