$7,900,000 - 18 Gloucester Lane, Cabbagetown
Commercial for Sale in Cabbagetown
310 days on marketNeighbourhood: Church-Yonge Corridor
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- MLS Number
- C12530256
- Property Type
- Commercial
- Status
- active
- Days on Site
- 310
- Bedrooms
- 3
- Bathrooms
- 10
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Tucked discreetly behind Yonge Street, 18 Gloucester Lane is a building of rare architectural character and meaningful cultural history. Built in 1912 and thoughtfully modernized, this five-storey buff brick building remains one of Toronto's most evocative and understated landmarks, offering discretion, cultural provenance and centrality. Behind its timeless façade lies over 9,700 sq ft of space shaped by exposed brick and beam, arched windows and generous industrial proportions. For over four decades, the building was the production headquarters for Norman Jewison - one of Canada's most internationally acclaimed filmmakers. From within these walls, major cinematic works were developed, produced and edited. And the building continues to carry that quiet sense of intention and purpose.Once production workspaces, the lower four floors now function as self-contained modernized offices with kitchenettes, washrooms and elevator access on each level, operating seamlessly as a boutique investment. Above, the building's essence reveals itself in the fifth floor penthouse residence - Jewison's former pied-à-terre. Retaining its cinematic atmosphere, the main level features a generous living salon area anchored by a herringbone brick fireplace, an open office, full kitchen and a concealed private office. A hidden staircase leads to a half-storey, where the bedroom, dressing room and bathroom form a private retreat. Positioned within the Historic Yonge Street Heritage Conservation District, 18 Gloucester Lane invites stewardship. Its architecture, history and placement within the city's cultural fabric offer the chance to continue a legacy of meaning and significance. The building's scale, discretion and location invite more possibilities: continue as a boutique investment property, adapt to a private family office or foundation, a design studio or gallery, or a fully integrated live/work private residence. A building shaped by its past, ready for its next chapter.
Estimate your monthly payments for this property
Estimated Payment
$34,944.36/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 Church-Yonge Corridor
Church-Yonge Corridor 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 Church-Yonge Corridor
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Church-Yonge Corridor 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.
18 Gloucester Lane, Regent Park / Cabbagetown / St. James Town
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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 $1,580/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.
Extended Exposure — Negotiating Room
At 310 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 Cabbagetown transactions.