$219,500 - 1450 Kingston Road Unit 1, Pickering
Commercial for Sale in Pickering
Neighbourhood: Town Centre
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- MLS Number
- E13762970
- Property Type
- Commercial
- Status
- active
- Days on Site
- 28
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 4,500 - 4,999 sqft
- Neighbourhood
- Pickering
- Taxes (2025)
- $8,647
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Exceptional opportunity to acquire a highly visible, fully built-out restaurant in a thriving Pickering location. This turnkey space offers an excellent platform for an experienced operator or new concept, with significant potential to expand revenue through catering, takeout, online delivery, corporate orders, private events, and large-format dining. The spacious and flexible layout features a generous dining area ideal for celebrations, private functions, and corporate events, along with an outdoor patio providing additional seating capacity and an inviting seasonal atmosphere. Ample on-site parking and strong exposure to consistent traffic further enhance the location. Ideally situated near established residential neighbourhoods and a strong concentration of commercial businesses, the restaurant benefits from a diverse surrounding customer base and continued growth in the area. An excellent opportunity to modernize the existing concept, introduce a fresh new brand, strengthen off-premise sales, and capitalize on catering and event-driven revenue. A rare chance to take over an established restaurant space and build upon its potential in one of Pickering's active and growing commercial corridors.
Estimate your monthly payments for this property
Estimated Payment
$1,126.15/mo
Includes CMHC insurance ($6,124)
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 Town Centre
Town Centre 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 Town Centre
- •Convenient location in Pickering
- •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
Town Centre 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.
1450 Kingston Road Unit 1, Pickering
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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 $49/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 28-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 Pickering transactions.