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Coldwell Banker Summit Realty

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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 279 days

    Unit 1 — 518 Centennial Road N

    ·Toronto, ON··

    • 2 baths
    Toronto real estate›E12473344
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    High visibility landmark location offering approx 131ft corner frontage/ exposure along Kingston Road with significant signage. Suits specialty automotive shop, auto repair, collision service, used car lot, other. Take over this turn key business established over the last 10 years serving as a mechanic shop previously the site of John's Tires. Exclusive use of 17 surface parking spaces along Kingston Rd. 5 vehicles can fit inside. There are 3 hoists and all of the equipment you will need for a fully operational mechanic shop with tremendous potential for growth! Seller has an extensive book of business he is willing to share upon exit. Profit and Loss Statements (Lankar - Software) and List of Equipment/ Chattels (included) subject to Confidentiality Agreement. The interior layout includes office, reception area, 2 washrooms, staffroom, mezzanine, changing area, and a parts storage room/ area. Watch the Virtual Tour for an in-depth overviewof the interior and exterior.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    May 2, 2026Previously listedSc$199,999 —E13073940View
    Jan 26, 2026Previously listedTer$249,900 —E12730962View
    Oct 21, 2025ListedCurrentFor sale$300,000 —E12473344This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Gas Forced Air Open
      Air conditioning
      Yes
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit 1 — 518 Centennial Road N
    What's nearby

    Points of interest classified by the MLS® feed.

    • Major Highway
    • Public Transit
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $1,474
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $165
    0.66% mill rate · ON
    The market

    How this home sits in the Toronto market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Toronto market right now

    Average sold price, days on market, and closed-transaction count for Toronto — sourced from MLS®.

    • Avg sold price
      $1,080,289
      Last 30 days
    • Median sold price
      $852,621
      Middle of the market
    • Days on market
      29 d
      Avg from list to close
    • Closed last 30d
      6,675
      MLS® transactions
    Full Toronto market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 1 — 518 Centennial Road N — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 1 — 518 Centennial Road N and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit 1 — 518 Centennial Road N listed for?

      Unit 1 — 518 Centennial Road N is listed at $300,000 on the MLS® (listing E12473344). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 1 — 518 Centennial Road N have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 2260 sqft
  2. Sale Of Business
  3. Built 31-50
  4. Asking
    $300,000
    $133 / sqft · MLS® E12473344
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,080,289
    $993,866Confidence range$1,166,712
    Asking vs estimate
    ↓below
    −$780,289
    (-72.2%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Toronto sell in about 29 days — this one has been listed 279 days.

    Avg sold price
    $1,080,289
    Median sold
    $852,621
    Avg days on market
    29
    Recently sold
    6675
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    Suits specialty automotive shop, auto repair, collision service, used car lot, other.
  6. Exclusive use of 17 surface parking spaces along Kingston Rd. 5 vehicles can fit inside.
  7. Seller has an extensive book of business he is willing to share upon exit.
  8. Watch the Virtual Tour for an in-depth overviewof the interior and exterior.
  9. Ask Zara a follow-up
    Sanitary+Storm
  10. Parking & garage

    2
    Garage
    In/Out
    Parking spaces
    22
  11. Interior

    1
    Elevator
    None
  12. Lot & land

    2
    Year built
    31-50
    Zoning
    Automotive | CR
  13. Listing & possession

    3
    Occupancy
    TBA
    Property style
    Without Property
    Property class
    Sale Of Business
  14. Combined estimate
    $1,639
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $1,474
    /mo
    based on the purchase price of $300,000
    $60,000 cash
    $240,000 financed
    $202,143 total interest
    Monthly payment$1,474/ month
    Principal54%$240,000
    Interest46%$202,143

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    or send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

    More sale of businesss in Toronto

    Active listings within ±20% of this asking price.

    • 1756 Lawrence Avenue
      $245,000
      1756 Lawrence Avenue
      Sale Of Business
    • 505 Richmond Street
      $250,000
      505 Richmond Street
      Sale Of Business
    • 1233 Queen Street
      $249,500
      1233 Queen Street
      Sale Of Business
    • 2435 Kingston Road
      $329,999
      2435 Kingston Road
      Sale Of Business
    • 3160 Eglington Avenue
      $350,000
      3160 Eglington Avenue
      Sale Of Business 1
    • 105 Parkway Forest Drive
      $349,000
      105 Parkway Forest Drive
      Sale Of Business
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  15. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  16. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  17. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  18. Public listing courtesy of ROYAL LEPAGE CONNECT REALTY · displayed on Summitly per MLS® data-share rules

    Unit 1 — 518 Centennial Road N is a 2-bath, 2260 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  19. When was Unit 1 — 518 Centennial Road N built?

    Unit 1 — 518 Centennial Road N was built in 31-50. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  20. What is the property tax for Unit 1 — 518 Centennial Road N?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 1 — 518 Centennial Road N plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  21. How much would the monthly mortgage be on Unit 1 — 518 Centennial Road N?

    The affordability calculator on this page shows an estimated monthly mortgage for $300,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  22. Has Unit 1 — 518 Centennial Road N been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 1 — 518 Centennial Road N with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  23. What neighbourhood is Unit 1 — 518 Centennial Road N in?

    Unit 1 — 518 Centennial Road N is in Centennial Scarborough, Toronto. The 'Neighbourhood' section below links to the live Toronto real estate hub with average sold price, days on market, and current inventory.

  24. Is Toronto a good place to live?

    Toronto is one of ON's actively-tracked Summitly markets. The full Toronto real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.