$1,949,000 - 1213 Weston Road, York
Commercial for Sale in York
152 days on marketNeighbourhood: Mount Dennis
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- MLS Number
- W13105672
- Property Type
- Commercial
- Status
- active
- Days on Site
- 152
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- York / Weston
- Taxes (2025)
- $8,199
- Listing Brokerage
- PROPERTY.CA INC.
Exceptional mixed-use investment opportunity in the rapidly evolving Mount Dennis community. 1213-1215 Weston Rd features 5 residential apartments and 1 retail unit, offering strong and stable cash flow with remarkably low operating expenses. Fully renovated and fire retrofitted, this turnkey asset benefits from updated mechanical systems and efficiencies rarely found in buildings of this scale.The residential component consists of two spacious 2-bedroom upper units and three well-designed 1-bedroom main/lower units, all featuring good height ceilings, bright interiors, and updated kitchens. Ample on-site parking further enhances tenant and retail appeal. Positioned on a 32.72 x 100 ft lot in one of Toronto's fastest-transforming west-end neighbourhoods, the property stands to benefit from significant infrastructure and transit investment underway throughout the area. Located just minutes from the growing Mount Dennis mobility hub, the neighbourhood is being reshaped by the opening of the Eglinton Crosstown LRT and the future Eglinton Crosstown West Extension, connecting residents to TTC, GO Transit, and UP Express services with improved access across the GTA and Pearson Airport. The broader Mount Dennis and Weston corridor continues to see substantial revitalization, transit-oriented growth, and new residential development, reinforcing long-term upside and tenant demand in the area. A rare opportunity to acquire a stabilized, low-maintenance mixed-use asset with strong fundamentals in a neighbourhood positioned for continued growth, possible land assembly and infrastructure investment.
Estimate your monthly payments for this property
Estimated Payment
$8,621.08/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 Mount Dennis
Mount Dennis 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 Mount Dennis
- •Convenient location in York / Weston
- •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
Mount Dennis 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.
1213 Weston Road, York / Weston
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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 $975/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 152 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 York transactions.