$7,500,000 - 1065 20th Side Road, King
Commercial for Sale in King
Neighbourhood: Schomberg
- MLS Number
- N13647548
- Property Type
- Commercial
- Status
- active
- Days on Site
- 17
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 43,700 sqft
- Neighbourhood
- King
- Lot Size
- 28 sqft
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
A long private driveway leads through rolling acreage to a rare, commercially zoned estate property offering a unique opportunity to operate a full-scale business onsite while enjoying luxury residential living. Situated on nearly 28 acres, this property is ideal for contractors, trades, logistics, or business owners requiring extensive storage, workspace, and privacy. The property is zoned for a contractor's yard, a designation that is increasingly difficult to secure. It features approximately 36,000 sq.ft. of outdoor storage, a 6,500 sq.ft. heated indoor garage/workshop with radiant floor heating, and substantial second-level office space, allowing for seamless business operations. Ample parking accommodates fleet vehicles, equipment, and staff while maintaining separation from the residence. The commercial garage/workshop is currently leased on a month-to-month basis for $12,000 per month. The existing tenant is willing to remain, providing immediate rental income for an investor, or vacate to accommodate an owner-user's operational needs. A 1,200 sq.ft. one-bedroom apartment above the workshop provides ideal accommodations for a site manager, employee housing, or additional income potential. The residential component includes a custom stone bungalow offering executive living for owners or principals. The home features open-concept living, vaulted ceilings, a bright great room with walk-out to a covered lanai, and renovated main-floor bathrooms. The main level includes three bedrooms, while the finished walk-out basement adds two additional bedrooms, a large recreation area, fireplace, bar, and entertaining space. Outdoor amenities include a saltwater pool, hot tub, waterfall, and poolside bar, ideal for executive use or client entertaining. A two-level 6-car garage provides further flexibility for storage, showroom, or gym conversion. The property is equipped with radiant floor heating, central A/C, surround sound, and multiple gas fireplaces.
Estimate your monthly payments for this property
Estimated Payment
$33,175.03/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 Schomberg
Schomberg 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 Schomberg
- •Convenient location in King
- •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
Schomberg 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.
1065 20th Side Road, King
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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 $172/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. 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 17-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 King transactions.