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.
Automotive Repair & Service Business for Sale - Prime Location. Excellent opportunity to own or expand your automotive business! This well-established automotive repair shop is now available for sale (business only - property not included). The facility features two spacious service bays with approximately 1,964 sq. ft. of repair space, offering ample room for vehicles, equipment, and storage. The shop comes equipped with two installed hoists, making it fully operational and ready for immediate business. In addition, there is an upstairs studio apartment with a washroom and kitchen. This space offers excellent income potential as a rental unit or can be conveniently used as living space for the owner or mechanic. This well-established shop operates as a one-stop automotive service center, offering a full range of services including: Automotive maintenance, General auto repair, Oil changes, Tire installation and services, Auto detailing, Body work, Insurance jobs & Warranty work, Mechanical repairs etc. The business is also known as the highest-rated automotive shop in the area, with excellent Google reviews and a strong reputation, providing a loyal customer base and consistent business. Key Details: Repair Garage Size: 1,964 sq. ft. 2 service bays, 2 installed hoists, Upstairs studio apartment (~700 sq. ft.) with kitchen & washroom, Business for sale only (no real estate), 5 yr Lease term available, Monthly rent: $4,520 (includes HST & TMI). A fantastic opportunity for mechanics, entrepreneurs, or investors looking to take over a fully operational, highly rated automotive service business in a prime location.
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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$1,180/mo
Mortgage (principal + interest)$468
Property taxFrom listing: $8,549/yr$712
Minimum $6,250 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$25,000
Ontario land transfer taxProvincial brackets, no first-time refund$975
Toronto land transfer taxMunicipal brackets, no first-time refund$975
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$29,750
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.
