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Investment signal

$681,000

B6 - 4779 STEELES AVENUE E

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Location

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About this home

Excellent Opportunity at the Strategic Location for both Investment & Business, your choice to take over the Current Business, Well Established for Almost 2 Decades, the Currency Exchange Shop, or Start Your Own Business Venture, or simply just Collect Steady Hassle-Free Rental Income, Too Many Ways to Profit Out, Yours to Discover, Excellent Potential. Major Commercial Retail Area, High Customer Traffic Flow, Rapid Developing, Good Exposure, One of a Kind Strategic Location, Right in between Toronto & Markham, closed by Dense Population Area, Prominent Shopping Centres, Brand Name Shops & Restaurants, Go Train Station & Bus Terminals etc, Seller Centralizing Business, Don't Miss! (id:65958)

Subtype: Retail
Community: Milliken
Living area: 818 square feet
On market: Apr 14, 2026
Status changed: Apr 14, 2026
Annual tax: $7,179
Zoning: Commercial
Photos: 2
MLS#: E12997570
Area: TORONTO_(MILLIKEN)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$1,356/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.94%

Cap rate

3.50%

GRM

16.7

Break-even rent

$4,827

Financing

Down payment$136,200

Loan amount$544,800

Mortgage$3,342/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$312

Insurance$80

Maintenance$568

CapEx reserve$284

Vacancy loss$170

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle 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.

Mortgage estimate

Estimated $3,342/mo at 5.49% with 20% down, 25-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 14, 2026.