$7,350/mo - 2058 Dufferin Street Unit Ground, Keelesdale
Commercial for Rent in Keelesdale
281 days on marketNeighbourhood: Caledonia-Fairbank
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- MLS Number
- W12652832
- Property Type
- Commercial
- Status
- active
- Days on Site
- 281
- Bedrooms
- 0
- Bathrooms
- 4
- Square Feet
- 7,000 sqft
- Neighbourhood
- Keelesdale / Eglinton West
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Introducing a newly renovated and impeccably finished commercial space, meticulously prepared and ready for immediate operation. This versatile property offers a wide range of potential uses, making it an ideal location for various business ventures. The space is perfectly suited for hospitality establishments, such as restaurants or cafes, with the capacity to accommodate up to 150 guests, making it ideal for events, receptions, or entertainment venues. In addition, the space is well-suited for retail stores, health and fitness centers, spas, educational institutions, medical clinics, specialty food shops, professional offices, and various service-based businesses. Its flexible layout and modern finishes create an inviting environment that can be easily tailored to meet your specific needs. Conveniently located adjacent to public parking facilities, ensuring easy access for customers and clients. The property offers direct access to TTC transit routes and subway stations, providing excellent connectivity and visibility within the community. Tenant responsibilities include payment of utilities and a proportionate share of any future increases in operating expenses. The approximate size of the space allows for a variety of configurations to best suit your operational requirements. Don't miss this exceptional opportunity to establish or expand your business in a prime, accessible location with modern amenities and versatile potential.
Discover Caledonia-Fairbank
Caledonia-Fairbank 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 Caledonia-Fairbank
- •Convenient location in Keelesdale / Eglinton West
- •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
Caledonia-Fairbank 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.
2058 Dufferin Street Unit Ground, Keelesdale / Eglinton West
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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/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.
Extended Exposure — Negotiating Room
At 281 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 Keelesdale transactions.