$5,995,000 - 1703-1705 Bathurst Street, Forest Hill
Commercial for Sale in Forest Hill
New — Listed 2 days agoNeighbourhood: Forest Hill South
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- MLS Number
- C13861138
- Property Type
- Commercial
- Status
- active
- Days on Site
- 2
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Forest Hill / Deer Park
- Taxes (2026)
- $36,111
- Listing Brokerage
- COLLIERS
Colliers (the "Realtor") is pleased to present an exclusive opportunity to acquire 1703 & 1705 Bathurst Street, a two building multifamily investment ideally situated along one of Toronto's most established residential corridors. This offering represents a rare chance to secure a well-maintained, income producing asset within a highly sought-after rental market, supported by strong fundamentals and enduring tenant demand as well as compelling long-term value. The Property is comprised of two well-maintained multifamily buildings totaling 18 residential suites, offering a desirable mix of spacious one-and two-bedroom layouts. 1703 Bathurst Street consists of 8 residential units, including four one-bedroom suites averaging approximately 650 square feet and four two-bedroom suites averaging approximately 950 square feet. 1705 Bathurst Street comprises 10 residential units, featuring eight one-bedroom suites averaging approximately 800 square feet and two two-bedroom suites averaging approximately 1,050 square feet. The location offers exceptional connectivity and neighbourhood appeal. Situated near Forest Hill South and Cedarvale, residents enjoy convenient access to the upcoming Eglinton Crosstown LRT, Allen Road, Highway 401, and downtown Toronto. The surrounding area is home to an established collection of cafes, restaurants, boutiques, galleries, and every day conveniences along Eglinton Avenue West, while nearby green spaces including the Kay Gardner Beltline Trail and Cedarvale Ravine provide an exceptional outdoor lifestyle. The property also benefits from close proximity to several places of worship, including synagogues, servicing the local community, contributing to the area's enduring residential appeal and consistent tenant demand. With strong fundamentals, a prime Midtown location, and meaningful rental upside, 1703 & 1705 Bathurst Street represents a terrific multifamily investment opportunity within on of Toronto's most sought-after rental markets.
Estimate your monthly payments for this property
Estimated Payment
$26,517.91/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 Forest Hill South
Forest Hill South 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 Forest Hill South
- •Convenient location in Forest Hill / Deer Park
- •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
Forest Hill South 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.
1703-1705 Bathurst Street, Forest Hill / Deer Park
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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 Forest Hill 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.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
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 Forest Hill transactions.