$739,000 - 1159 Dundas Street Unit 152, Leslieville
Commercial for Sale in Leslieville
Popular ListingNeighbourhood: South Riverdale
- MLS Number
- E13677498
- Property Type
- Commercial
- Status
- active
- Days on Site
- 9
- Bedrooms
- 1
- Bathrooms
- 0
- Square Feet
- 1,501 sqft
- Neighbourhood
- Riverdale / Leslieville
- Listing Brokerage
- COLDWELL BANKER REAL ESTATE PROFESSIONALS
Rare Industrial Canvas. Build Value Your Way. Exceptional opportunity to acquire a vacant 1,500+ SF industrial unit in the iconic i-Zone Lofts, a tightly held, design forward building where opportunities to secure commercial/industrial space are increasingly rare. With 17 ft clear heights and a wide open footprint, this unit invites a range of business possibilities. Envision a mezzanine addition of up to 600 SF, unlocking additional usable space without additional condo fees. Or capitalize on rare ceiling height to create a showpiece commercial environment from a golf simulator studio to a bold design showroom or creative headquarters. For investors, this is a blank slate asset with multiple exit strategies. Build and lease at premium rates, design for a targeted end user, or hold and benefit from continued appreciation as supply tightens. Located in the heart of Leslieville's evolving landscape, where design, density growth and experiential businesses are actively expanding. Larger industrial units are becoming increasingly impossible to find. Vacant possession provides complete control and immediate occupancy, a rare advantage in today's market. A compelling opportunity to create, elevate, and capture value in one of Toronto's most dynamic industrial communities. Strategically located in South Riverdale/Leslieville, one of Toronto's fastest evolving creative corridors. Steps to major amenities, transit and minutes to the DVP, Gardiner and Lakeshore. Future LRT expansion and continued density growth position this asset for accelerated value appreciation. Flexible seller financing options available for qualified buyers.
Estimate your monthly payments for this property
Estimated Payment
$3,791.45/mo
Includes CMHC insurance ($20,618)
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 South Riverdale
South Riverdale 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 South Riverdale
- •Convenient location in Riverdale / Leslieville
- •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
South Riverdale 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.
1159 Dundas Street Unit 152, Riverdale / Leslieville
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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 $492/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 9-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 Leslieville transactions.