$45,000 - 136 Lauder Avenue, Keelesdale
Commercial for Sale in Keelesdale
201 days on marketNeighbourhood: Corso Italia-Davenport
- MLS Number
- W12756000
- Property Type
- Commercial
- Status
- active
- Days on Site
- 201
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Keelesdale / Eglinton West
- Listing Brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
An exceptional opportunity to acquire a well-established, highly regarded take-out coffee shop known for delivering top-tier coffee quality and operational excellence. With a 4.9-starGoogle rating, over four years of loyal repeat customers, and a strong local reputation, this business is a proven performer. The shop has been thoughtfully designed for maximum efficiency, allowing the entire operation to be run seamlessly by a single barista. Workflow is intuitive, streamlined, and built to support consistent volume without added labour-making this an ideal owner-operator or semi-absentee opportunity. Low monthly rent of $1,400 + HST. The space features a beautiful European-style patio, usable three seasons of the year, providing additional seating and strong curb appeal. Large front-facing windows create a bright, sun-filled environment year-round, enhancing the customer experience and visibility. The café was professionally designed by Atelier Riot, with a fully custom build-out and significant infrastructure upgrades were completed, including upgraded electrical, extensive plumbing, and front and back counter service lines, ensuring the space is future-proof and built to commercial standards. Very low, long-term lease, offering exceptional stability and downside protection. With fixed, affordable rent and a simplified operating model, this business is extremely difficult to fail, even in changing market conditions. Ideal for: owner operators, first time business buyers, experienced cafe owners looking for a second location, investors looking for a low-risk, turnkey hospitality asset. This is a rare opportunity to acquire a thoughtfully designed, operationally efficient coffee shop with built-in stability.
Estimate your monthly payments for this property
Estimated Payment
$230.87/mo
Includes CMHC insurance ($1,256)
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 Corso Italia-Davenport
Corso Italia-Davenport 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 Corso Italia-Davenport
- •Convenient location in Keelesdale / Eglinton West
- •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
Corso Italia-Davenport 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.
136 Lauder Avenue, Keelesdale / Eglinton West
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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
Commercial property values in Keelesdale are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Extended Exposure — Negotiating Room
At 201 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 Keelesdale transactions.