Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

3833 Midland Avenue 11, Toronto, ON M1V 5L6

Sale Of Business
$320,000

Variety Store Business With Property for sale, Store Is Located in a well-established and high-traffic indoor plaza in the heart of Scarborough, this unit offers exceptional visibility and accessibility. Loyal Clientele, Only Lotto Terminal In The Plaza, Steady Commission Income. Ample Surface Parking. Just steps away from Yee Hong Centre and surrounded by a mix of residential and commercial developments, it enjoys a strong customer base and consistent foot traffic. The unit occupies a prime position within the plaza conveniently situated near the bustling food court and adjacent to a popular, well-known restaurant. Ideal For User Or Investor. Currently Used As Book/Variety Store. Business Is Operated By The Property Owner And Also Listed Business For Sale Only(Without Property), See MLS#: E12461357.

MLS number
E12550182
Type
Sale Of Business
Status
Active
Bedrooms
Bathrooms
Postal code
M1V 5L6
Photos
6
Property tax
$2,205 / year
300days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Milliken Public School7.8 / 10
Elementary · Regular Track
TDSB boundary
Albert Campbell Collegiate Institute7.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Rene Goupil Catholic School
Toronto CDSB
Elementary661 mNot reported
Alexmuir Junior Public School
Toronto DSB
Elementary725 m7.4 / 10
74% met the standard
St Marguerite Bourgeoys Catholic Catholic School
Toronto CDSB
Elementary819 mNot reported
Amanah Academy North America FoundationElementary and secondary1.2 kmNot reported
Port Royal Public School
Toronto DSB
Elementary1.2 km8.5 / 10
85% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 970 people.

$82,000Median household income
80%Own their home
71.1%Detached houses
58Median age
60.7%Born outside Canada
20.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35200120 — the few blocks around this address, home to 970 people. It describes the area, not this property.

970Population
55.6Average age
3.4Household size
$91,000Average household income
$82,000Median household income
80%Own their home
20%Rent
0%Condominiums
61%Born outside Canada
21%University degree
$980,000Average home value
15%Low income
25%Never married
$15,000 to $19,9992%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9992%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9998%
$90,000 to $99,9994%
$100,000 and over27%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,99910%
$200,000 and over6%

Percentages are of the 255 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$64,000 · minimum here is $16,000
$1,416.89per month
Borrowed before insurance$256,000
Total borrowed$256,000
Interest over 25 years at 4.5%$169,067

If you rented it out

-$1,600.64per month out of pocket
Rent$0.00
Everything it costs to hold$1,600.64
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — none currently in progress.

321 SILVER STAR BLVD364 m
Closed · applied December 9, 2020

Development comprising of a one-storey retail building and a 3-storey self-storage building. Amendment to File 13 147839 ESC 41 SA.

City planning file →
2150 MCNICOLL AVE278 m
Closed · applied December 20, 2019

Standard condomium units for recently constructed industrial building - 42 units and commercial building -50 units.

City planning file →
3720 MIDLAND AVE184 m
Closed · applied November 10, 2017

15 Commercial units with 93 parking spaces Maxum Professional Centre Phase 1V

City planning file →
2150 MCNICOLL AVE278 m
Closed · applied October 26, 2016

Proposal for a commercial retail plaza development incorporating two buildings: one large format food retailer and a multi-unit retail/restaurant building.

City planning file →
3662 MIDLAND AVE262 m
Closed · applied August 22, 2016

Development comprising of a gas station with convenience store including a food partner with a drive thru facility and stand alone car wash building.

City planning file →
3662 MIDLAND AVE262 m
Final Approval Completed · applied August 22, 2016

Development comprising of a gas station with convenience store including a food partner with a drive thru facility and stand alone car wash building. See associated Zoning By law Amendment Application 16 211026 ESC 41 OZ. Combined application

City planning file →
3720 MIDLAND AVE184 m
Closed · applied November 16, 2015

Proposal to construct a new 1-storey, 15-unit commercial building

321 SILVER STAR BLVD364 m
Closed · applied April 10, 2013

Site plan approval for new 1-story retail building and a 6-storey office building with a total proposed GFA of 10 688 m2. Letter sent September 18 accepting extension for clearing NOAC Conditions

What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by REAL ONE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.