994 Eglinton Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable store w apt/office located in the coveted neighborhood of Forest Hill North. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,595,000 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 20 x 114 ft lot size
- equipped with partial central cooling and highly efficient gas forced air closed heating
Description
Prime User or Investment opportunity on vibrant Eglinton Way/Strategically located on the north side of Eglinton Ave West between Old Park Rd and Hilltop Rd. Well positioned commercial retail property offers exceptional exposure in high traffic pedestrian and vehicular location surrounded by established businesses, neighbourhood amenities, and ongoing area growth. Main floor retail space & basement (former restaurant) is currently vacant ideal for an owner occupier, investor, or new tenant opportunity. Retail area also includes access to full basement, providing additional storage (walk-in fridge & freezer) and operational flexibility. Second floor consists of two self contained 2 bedroom residential apartments, currently rented on month to month basis, generating immediate income with future upside potential. Rear laneway access provides parking for 2 vehicles. Excellent opportunity to acquire a mixed use asset in sought after Midtown Toronto location with strong street presence and long term redevelopment and income potential. New Metrolinx LRT fully operational along Eglinton Ave W.
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Pricing & Value Insights
Data-driven valuation for 994 Eglinton Avenue W, Toronto C04, ON M6C 2C5
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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 $2,595,000 in Toronto, the legal minimum down payment is $519,000 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 $51,350 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $51,350 also applies, bringing the total estimated land transfer taxes to $102,700.
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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.
