$1,349,000 - 101 Freshway Drive Unit 47, Vaughan
Commercial for Sale in Vaughan
63 days on marketNeighbourhood: Concord
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- MLS Number
- N13639180
- Property Type
- Commercial
- Status
- active
- Days on Site
- 63
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,627 sqft
- Neighbourhood
- Vaughan
- Lot Size
- 2,627 sqft
- Taxes (2025)
- $5,882
- Listing Brokerage
- RIGHT AT HOME REALTY
Rare, Super Clean Industrial Condo in Prime Vaughan Location. Exceptional opportunity to acquire a well-maintained industrial condo offering approximately 3,042 sq. ft. of usable space, including 2,627 sq. ft. on the main level plus an additional 400 sq. ft. mezzanine/loft (not included in the posted square footage). With 8'9" clear height to the trusses, the mezzanine presents excellent potential for a future second-floor office or expanded workspace. The unit features a bright, professionally finished front office with tiled flooring, large windows, and a private entrance, creating an attractive client-facing presence. The efficient warehouse layout includes an 11' x 11' drive-in shipping door for convenient loading and unloading. Ample parking is available directly in front of the unit, along with exclusive parking spaces at the rear. Located in the City of Vaughan with desirable EM2 zoning, the property permits a wide range of industrial, automotive, and service-related uses. Additional features include solid concrete block construction, high-efficiency lighting, dedicated reception/office space, and flexible industrial area ready to accommodate a variety of business operations. Strategically situated with excellent access to Highways 407, 400, and 7, providing outstanding connectivity throughout the GTA. An ideal opportunity for owner-users, investors, and growing businesses. Floor plan and commercial brochure available.
Estimate your monthly payments for this property
Estimated Payment
$5,967.08/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Concord
Concord is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Concord
- •Convenient location in Vaughan
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Concord offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
101 Freshway Drive Unit 47, Vaughan
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $514/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 63 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Vaughan transactions.