Homula Realty Brokerage
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838 SOMERSET Street W 20, West Centre Town, ON K1R 6R7

Office
$450,000

Turn-key commercial condo unit available for sale in a well-established central commercial and retail district. This professionally finished office space offers a functional layout featuring two private offices, a reception area with client waiting space, a kitchenette, and a private washroom. One underground parking spot is included. Ideal for professional services, medical, accounting, legal, consulting, or other office-based businesses seeking a move-in-ready space in a central business location. Situated within a prominent commercial hub with excellent exposure to surrounding businesses and amenities, the property offers convenient access to the LRT, public transit, and major highway routes, providing easy access for both clients and staff. A great opportunity to own a well-appointed office space in a highly accessible business environment. Current monthly condo fee: $542.85/month

MLS number
X13615282
Type
Office
Status
Active
Bedrooms
—
Bathrooms
1
Postal code
K1R 6R7
Photos
21
Property tax
$9,520 / year
47days · 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.

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

Work out the numbers

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

$90,000 · minimum here is $22,500
$1,992.50per month
Borrowed before insurance$360,000
Total borrowed$360,000
Interest over 25 years at 4.5%$237,751

If you rented it out

-$2,785.84per month out of pocket
Rent$0.00
Everything it costs to hold$2,785.84
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 TRU REALTY. Listing data provided by the Toronto Regional Real Estate Board.