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.
Highly visible corner property in Toronto's east end, featuring an approx. 1,817 sq. ft. freestanding building with three service bays and exceptional exposure along Kingston Rd and Orchard Park Blvd. Currently leased to an automotive user, the property provides in-place income while offering significant future repositioning and redevelopment potential.The site is zoned CR 2.0 (c0.5; r2.0) SS2 (x1579), permitting a broad range of commercial, residential, mixed-use, service, and automotive-related uses, subject to purchaser verification. The property also benefits from an advanced entitlement-stage boutique residential development concept for a proposed 56-suite mid-rise building totaling approximately 42,236 sq. ft. of gross floor area.Situated within an established east-end Toronto neighbourhood, the offering presents a rare opportunity to acquire a prominent corner site with both near-term cash flow and long-term development upside.Property being sold on an "as-is, where-is" basis. Purchasers are responsible for verifying all measurements, zoning, permitted uses, approvals, lease information, income, and development potential.
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Age Groups
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Owners vs Renters
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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$18,362/mo
Mortgage (principal + interest)$14,945
Property taxFrom listing: $41,004/yr$3,417
Minimum 20% ($799,000 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$799,000
Ontario land transfer taxProvincial brackets, no first-time refund$86,350
Toronto land transfer taxMunicipal brackets, no first-time refund$105,255
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$993,405
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.
