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.
Prestigious Yonge Street location offering an exceptional opportunity for an established or aspiring food-service operator. Currently operating as a creperie and dessert café, this double-unit premises (5417-5419) is substantially larger than many of the surrounding restaurant establishments, providing excellent space and flexibility for a variety of concepts. The business is being sold as-is, including existing chattels and fixtures. The bright, well maintained premises features a spacious kitchen, storage room, mezzanine for additional inventory and supplies, and a well-maintained washroom. A second washroom is also available if required. Ideally suited for a variety of food-service concepts, including a café, coffeeshop, dessert establishment, or other food-related business, subject to applicable approvals. Excellent exposure and pedestrian traffic, surrounded by condominiums, established residential neighbourhoods, and a wide variety of retail businesses. TTC service is conveniently located at the door, with the subway station within walking distance. A rare opportunity to establish or expand a food business in a highly desirable and well-established Yonge Street location where rent is negotiable and no lease will be transferred.
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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$572/mo
Mortgage (principal + interest)$407
Property taxFrom listing: $1,980/yr$165
Minimum $5,440 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$21,760
Ontario land transfer taxProvincial brackets, no first-time refund$813
Toronto land transfer taxMunicipal brackets, no first-time refund$813
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$26,186
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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