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Investment signal

$118,000

2FC6 - 4675 STEELES AVENUE E

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Beds

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Baths

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Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Milliken). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Rare opportunity to own a well-equipped food court unit in Splendid Mall. Existing commercial kitchen with gas and exhaust already in place, suitable for a variety of restaurant and take-out uses. High-traffic location with ample parking and excellent customer convenience. Ideal for owner-operators or investors, with strong rental income potential. (id:65958)

Subtype: Retail
Structure: Retail
Community: Milliken
Living area: 250 square feet
On market: Mar 26, 2026
Status changed: Apr 24, 2026
Annual tax: $1,237.86
Zoning: Commercial
Photos: 6
MLS#: E12922122
Area: TORONTO_(MILLIKEN)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Positive cash flow ~$1,520/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

77.29%

Cap rate

20.32%

GRM

4.1

Break-even rent

$800

Financing

Down payment$23,600

Loan amount$94,400

Mortgage$478/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$54

Insurance$80

Maintenance$98

CapEx reserve$49

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $478/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.