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.
Here is the revised listing with the mezzanine and **PAINT BOOTH POSSIBLE** added:**PRICE REDUCED - TURNKEY CABINET MANUFACTURING BUSINESS | $40,000 | RENT $3,200 INCLUDING TMI & HST**Rare opportunity to purchase a fully equipped custom cabinet and millwork business in Toronto for only **$40,000**. Monthly rent is only **$3,200, including TMI and HST**. **PAINT BOOTH POSSIBLE.** The business has been operating successfully for over **six years** and is ready for a new owner.The business specializes in custom kitchen cabinets, vanities, closets, wardrobes, wall units and millwork. All equipment required for the operation is included in the sale.The unit includes approximately **1,200 sq. ft.**, plus an additional **400 sq. ft. mezzanine**. The mezzanine is not included in the 1,200 sq. ft.The owner is willing to provide training, assist with the transition and introduce the buyer to suppliers and key industry contacts. Financing may also be available.The industrial unit permits woodworking and may accommodate spray painting or a paint booth, subject to required approvals. The space includes high ceilings, a drive-in shipping door, front and rear access, three dedicated parking spaces and overnight parking.Conveniently located near Highway 401 and Neilson Road.Ideal for cabinet makers, contractors, renovators, entrepreneurs or an existing cabinet company looking to expand.**Six years of successful operation. Equipment included. Rent only $3,200 including TMI and HST. Additional 400 sq. ft. mezzanine. Business price reduced to ***$40,000 for a quick sale.***
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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$150/mo
Mortgage (principal + interest)$150
Property taxFrom listing: $8/yr$1
Minimum $2,000 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$8,000
Ontario land transfer taxProvincial brackets, no first-time refund$200
Toronto land transfer taxMunicipal brackets, no first-time refund$200
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$11,200
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.
