Homula Realty Brokerage
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523 The Queensway Way 107, Toronto, ON M8Y 1J7

1 bath · Office
$10,100

Newly renovated and fully equipped, turnkey medical office with plenty of customer parking - ideal for a physician looking to launch a new practice, second location or relocate into a ready-to-operate clinical space. This approximately 2,200 sq. ft. unit is a professionally designed medical clinic featuring a highly functional layout with extensive leasehold improvements valued at approximately $100,000. The space is move-in ready and well-suited for a wide range of medical, cosmetic, wellness, dermatology, laser, skincare, allied health, or other professional healthcare-related uses (subject to landlord approval). The suite includes 10 examination/treatment rooms with sinks, a beautiful and welcoming reception area, a private office or conference room, a small kitchen/ staff room, laundry, client bathroom, and supporting clinical infrastructure throughout. The layout is efficient, modern, and designed for optimal patient flow and staff functionality.Additional features include two entrances, wheelchair accessibility, and ample parking located at the rear of the building for patients and staff convenience.The building offers strong medical synergy with X-ray, ultrasound, and pharmacy services all located on-site, creating a highly convenient one-stop healthcare environment for patients. Outstanding location with excellent exposure and accessibility-just minutes to the Gardiner Expressway, QEW, public transit, banks, and major arterial routes.Current lease term runs until August 31, 2029. Subletting is permitted with landlord consent. The space may be made available as a full-unit sublease or partial occupancy arrangement depending on tenant requirements. A rare opportunity to step into a fully operational, high-quality medical space in a prime Etobicoke location, no renovation or work required.

MLS number
W13491504
Type
Office
Status
Active
Bedrooms
Bathrooms
1
Postal code
M8Y 1J7
Photos
34
79days · 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

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

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

$2,020 · minimum here is $505
$44.72per month
Borrowed before insurance$8,080
Total borrowed$8,080
Interest over 25 years at 4.5%$5,336

If you rented it out

-$44.72per month out of pocket
Rent$0.00
Everything it costs to hold$44.72
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.

Listed by RE/MAX PROFESSIONALS INC.. Listing data provided by the Toronto Regional Real Estate Board.