$4,500/mo - 15954 Airport Road, Caledon
Commercial for Rent in Caledon
43 days on marketNeighbourhood: Caledon East
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- MLS Number
- W13704166
- Property Type
- Commercial
- Status
- active
- Days on Site
- 43
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,800 sqft
- Neighbourhood
- Caledon
- Lot Size
- 3,670 sqft
- Taxes (2026)
- $8,000
- Listing Brokerage
- RE/MAX CHAMPIONS REALTY INC.
Prime high-visibility corner location with direct access from Airport Rd, surrounded by shopping centres, schools, medical offices, banks, conservation areas, and the Caledon East Community Complex-offering excellent exposure and steady traffic. Well-established pizzeria with over 14 years of proven success and a strong, loyal customer base. Located in one of Caledon East's most desirable and growing communities, the business benefits from continued residential development and increasing demand throughout the area. Now available for Lease, offering a turnkey opportunity for a experienced operator, entrepreneur, or investor. The property features over 10+ private parking spots with approximately 1100 sq ft of retail / commercial space and an additional 700 sq ft residential space upstairs, providing a highly desirable live/work setup. Ideal for owner-operators, or entrepreneurs looking to take over an established food-service operation with immediate business potential. The space also offers opportunities for renovation, expansion, or enhancement to suit your vision. with current owners retiring, its prime location, established reputation and continued community growth, this is a rare opportunity to operate a proven to be successful long-standing business in one of Caledon East's most sought-after commercial areas.
Discover Caledon East
Caledon East 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 Caledon East
- •Convenient location in Caledon
- •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
Caledon East 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.
15954 Airport Road, Caledon
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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 $3/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 43-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 Caledon transactions.