114 Cumberland Street, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Annex. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 49.95 x 80 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Retirement Sale of Business - Rare Yorkville hospitality business in one of Toronto's most sought after areas. Currently operating as "Indulge Cafe and Bar" in a premium, high-traffic destination directly across from the Yorkville park. Key features include: L.L.B.O. Liquor License (40 patrons total), DINE Permits, Central Signage Visibility, and Outdoor Patio Space w/ Heaters. Fully operational cafe and bar opportunity for turn-key takeover or rebranding into a new concept, including all chattels and equipment. Recommended concepts include current use, pastries, brunch, cocktail bar, lounge, light food, etc.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 114 Cumberland Street Lower Level, Toronto C02, ON M5R 1A6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1 in Toronto, the legal minimum down payment is $0 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $0 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $0 also applies, bringing the total estimated land transfer taxes to $0.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
