846 College Street, Toronto, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Palmerston-Little Italy. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,000,000 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 25.6 x 135.67 ft lot size
- Convenient lane garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Prime mixed-use building at the vibrant intersection of College and Ossington, one of Toronto's most dynamic and sought after locations. Consistent pedestrian traffic, and seamless TTC access right at your doorstep. Rear attached garage parking adds convenience. The property is fully tenanted and turn-key, featuring a main floor commercial tenant plus two spacious residential units: one 3 bedroom, 1 bathroom apartment and one 2 bedroom, 1 bathroom apartment, both complete with large private outdoor terraces. Flexible mixed-use zoning supports a wide range of commercial and residential uses. Fantastic opportunity to secure a turn key stable income generating property. **See floorplans attached **
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Pricing & Value Insights
Data-driven valuation for 846 College Street, Toronto C01, ON M6H 1A2
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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 $4,000,000 in Toronto, the legal minimum down payment is $800,000 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 $86,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $86,475 also applies, bringing the total estimated land transfer taxes to $172,950.
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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.
