2 Elmhurst Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Elms-Old Rexdale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,500,000 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 50 x 147 ft lot size
- equipped with yes central cooling and highly efficient other heating
Description
Highly versatile CL - Limited Commercial zoned property offering a flexible and functional layout ideal for a wide range of commercial, institutional, and community-based uses. The building features multiple private offices, study or meeting rooms, reception/lobby area, washrooms, and separate rooms, allowing for efficient use by owner-operators, institutional users, or multi-room operations. Zoning permits a broad range of uses including medical and dental offices, medical and health centres, daycares, day nurseries, nursery schools, commercial and private schools, churches, mosques and other places of worship, professional offices, restaurants (convenience, take-out and standard), as well as residential units above commercial. The layout and room configuration are particularly well suited for daycare, educational, medical, dental, professional, religious, or community-oriented operations. Property is located near established schools and surrounding residential neighbourhoods, enhancing demand potential for daycare, educational, community, and worship uses. Zoning allows buildings up to two storeys, offering future flexibility for expansion, reconfiguration, or mixed-use potential .An excellent opportunity for owner-occupiers, investors, and institutional users seeking adaptable space with strong zoning flexibility in a mature area. Vendor Take Back (VTB)financing available for qualified buyers, providing added flexibility and value in today's market. Some pictures are digitally enhanced to show potential use
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2 Elmhurst Drive, Toronto W10, ON M9W 2J3
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 $2,500,000 in Toronto, the legal minimum down payment is $500,000 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 $48,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $48,975 also applies, bringing the total estimated land transfer taxes to $97,950.
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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.
