12 Clock Tower Rd

Banbury-Don Mills, Toronto

12 Clock Tower Rd, Banbury-Don Mills, Toronto

$250,000

About this Business

in Banbury-Don Mills, Toronto

Here's your chance to own a highly successful beauty bar business in Don Mills. Established in 2016,this thriving salon spans 1,906 sq ft and is strategically located for maximum exposure. With a competitive rent of $10,601 and a secure 3+5+5 lease term, you'll have the stability you need to grow your investment.The salon is fully equipped with 6 pedicure and 6 manicure stations, a facial station, a laser hair removal room, and 3 waxing rooms. This extensive service offering caters to a diverse and loyal clientele. With royalties set at 6% + 2%, you'll benefit from an established brand and support network.Don't miss this chance to own a thriving franchise business in the beauty industry. This Beauty Spot inDon Mills presents a turnkey investment with an established customer base and enormous growth potential.

Listed by ROYAL LEPAGE SIGNATURE R.

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
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Amortization:  
Percent Down:
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CMHC Prem.:
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* This material is for informational purposes only.

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