3220 Kingston Road, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Cliffcrest. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $139,500 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 2 Bathrooms
- Premium 327.13 x 261.47 ft lot size
- Convenient plaza garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Turnkey Restaurant Asset Sale - Prime Scarborough Location Exceptional Opportunity To Acquire A Fully Equipped, Turnkey Restaurant Business (Asset Sale -No Property) Located In A High-Traffic Plaza At 3220 Kingston Rd, Toronto (Kingston Rd & Mccowan Rd) In The Heart Of Scarborough. Situated In A Busy, Well-Established Commercial Plaza, This Location Benefits From Strong Daily Vehicular Traffic, Excellent Visibility, And Consistent Foot Traffic From The Surrounding Dense Residential Neighborhoods. The Plaza Is Anchored By Ultramar Gas Station, Drawing Continuous Customer Flow And Providing Excellent Exposure For The Restaurant. The Space Features A Modern, Recently Renovated Interior With Quality Fixtures, Furniture, And Equipment, All In Excellent Operating Condition. The Functional Layout Supports A Wide Variety Of Food Concepts And Cuisines, Making It Ideal For New Operators Or Existing Brands Looking To Expand. This Is A Rare Opportunity To Acquire A Ready-To-Operate Restaurant In One Of Scarborough's Established Commercial Corridors Without The Time And Cost Of Building From Scratch. Perfect For Entrepreneurs, Chefs, Or Restaurant Operators Looking To Launch Or Expand Their Brand In A High-Visibility Location.
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Pricing & Value Insights
Data-driven valuation for 3220 Kingston Road 4A, Toronto E08, ON M1M 1P4
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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 $139,500 in Toronto, the legal minimum down payment is $6,975 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 $1,120 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $1,120 also applies, bringing the total estimated land transfer taxes to $2,240.
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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.