$2,349,000 - 15210 Yonge Street, Aurora
Commercial for Sale in Aurora
Neighbourhood: Aurora Village
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- N13767114
- Property Type
- Commercial
- Status
- active
- Days on Site
- 27
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 5,495 sqft
- Neighbourhood
- Aurora
- Taxes (2025)
- $17,906
- Listing Brokerage
- ENGEL & VOLKERS TORONTO CITY
Freehold mixed-use property on Yonge Street in historic Downtown Aurora. Ideal for End User, Investor or Developer. Approximately 5,495 sq ft of finished space across three components: main floor retail/commercial frontage with east exposure, a self-contained second floor residential unit, and a separate rear three-bay workshop with laneway access. The main floor offers approximately 2,522 sq ft of commercial space currently operating as an art studio. The 2,047 sq ft second floor residence features three bedrooms, two bathrooms, kitchen, living room, separate laundry room and a private balcony. The basement provides additional functional space along with storage and utility areas. The separate rear 1,327 sq ft three-bay workshop is currently leased to a home staging company. Zoned C2, located directly across from the newly constructed Aurora Town Square, and situated within the Aurora Promenade Secondary Plan area. Property is included within the Town of Aurora's Community Planning Permit System (CPPS) area, a planning framework adopted by the Town to support downtown intensification, subject to heritage protections and applicable design standards. Property fronts the Town of Aurora's Aurora Promenade Streetscape Revitalization project, currently in design phase, with construction targeted to begin in 2027. Planned project elements include decorative paving, decorative LED streetlighting, landscaped boulevards, enhanced sidewalks and crosswalks, accessibility upgrades, lay-by parking, and replacement of underground sanitary infrastructure. Convenient access to transit, restaurants, parks and downtown amenities, with street and onsite parking.
Estimate your monthly payments for this property
Estimated Payment
$10,390.42/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 Aurora Village
Aurora Village 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 Aurora Village
- •Convenient location in Aurora
- •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
Aurora Village 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.
15210 Yonge Street, Aurora
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $427/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 27-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 Aurora transactions.