$398,000 - 105 Gordon Baker Road Unit 618, Bayview Village
Commercial for Sale in Bayview Village
36 days on marketNeighbourhood: Hillcrest Village
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- MLS Number
- C13734122
- Property Type
- Commercial
- Status
- active
- Days on Site
- 36
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 783 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Taxes (2025)
- $9,782
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Exceptional Opportunity To Own A Fully Remodeled, Turnkey Commercial Condominium At 95 Corporate Centre In A Prime North York Location. Unit 618 Offers Professional Finishes, A Functional Layout And Immediate Occupancy-Eliminating The Cost, Delay And Uncertainty Of Building From Shell Condition. Located Within A Modern 8-Storey Commercial Building With Extensively Renovated Common Areas, Including The Lobby, Elevators, Corridors, Washrooms And Parking Facilities. Flexible MO Zoning Supports A Wide Range Of Potential Uses, Including Professional, Medical, Dental, Educational And Institutional Operations, Subject To Applicable Approvals. Excellent Access To Highways 401, 404 And 407, Multiple Transit Routes And Don Mills Subway Station. The Unit Includes One Rare, Owned Underground Parking Space-Level 1, Unit 37-Registered Exclusively To The Suite, In Addition To Ample Surface And Underground Visitor Parking. Highway 404 Signage Opportunities May Be Available, Subject To Applicable Approvals. For Buyers Requiring Additional Space, A Contiguous Unit Immediately Adjoining This Suite On The Same Floor May Also Be Available, Offering The Opportunity To Create A Larger, Unified Commercial Environment. Newly Improved Price. Move In, Establish Your Business And Build Equity Instead Of Paying Rent.
Estimate your monthly payments for this property
Estimated Payment
$2,041.95/mo
Includes CMHC insurance ($11,104)
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 Hillcrest Village
Hillcrest Village 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 Hillcrest Village
- •Convenient location in Hillcrest Village / Bayview Village
- •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
Hillcrest Village 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.
105 Gordon Baker Road Unit 618, Hillcrest Village / Bayview Village
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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 $508/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.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 36-day listing is within normal commercial market exposure.
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 Bayview Village transactions.