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.
Excellent Commercial Retail Investment Opportunity In A Prime Scarborough Commercial Plaza China City directly across from 24hr Asia Foodmart! Approx. 915 Sq Ft Retail Unit In A Modern Mixed-Use Commercial Building Only 2 Years New. Strong Investment With Established Tenant In PlacePaying $6296.05 Total including HST (3,663.60 Per Month Net $43,963.20 Annually) Based On $48.00/Sq Ft Base Rent, With Lease In Place Until July 31, 2031. Stable Long-Term Income With Excellent Investment Potential. Strategically Located At Silver Star Blvd & Midland Ave In One Of Scarborough's Busiest Commercial Corridors With Excellent Exposure, Strong Daily Traffic & Ample Surface Parking. Surrounded By Established Retail, Restaurants, Professional Offices, Warehouses & Industrial Businesses Generating Consistent Customer Traffic. Convenient Access To TTC Transit, Finch Ave E, Steeles Ave E, Kennedy Rd, Midland Ave, McNicoll Ave, Highway 401 & Highway 404. Minutes To Milliken GO Station, Pacific Mall, Market Village, Splendid China Mall, Woodside Square, Costco, Home Depot & Numerous Restaurants, Retailers & Professional Services. Excellent Opportunity For Investors Seeking Stable Cash Flow In A High-Demand Commercial Plaza
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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$4,715/mo
Mortgage (principal + interest)$4,108
Property taxFrom listing: $7,292/yr$608
Minimum $84,800 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$219,600
Ontario land transfer taxProvincial brackets, no first-time refund$18,435
Toronto land transfer taxMunicipal brackets, no first-time refund$18,435
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$259,270
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.
