$490,000 - 227 Brock Street, Whitby
Commercial for Sale in Whitby
53 days on marketNeighbourhood: Downtown Whitby
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- MLS Number
- E13679684
- Property Type
- Commercial
- Status
- active
- Days on Site
- 53
- Bedrooms
- 0
- Bathrooms
- 8
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Whitby
- Taxes (2025)
- $7
- Listing Brokerage
- CENTURY 21 TITANS REALTY INC.
Exceptional Indian Restaurant Business for Sale in Prime Whitty Location An outstanding opportunity to acquire a thriving, fully operational Indian restaurant in one of Whitty's high-traffic commercial areas.This well-established business has built a loyal customer base and enjoys an excellent reputation for authentic Indian cuisine, dine-in service, takeout, catering, and private events. Spanning approximately 5,000 sq. ft., the restaurant features a beautifully designed dining area with seating for 60 guests, along with a spacious banquet hall accommodating up to 100 guests-perfect for birthdays, anniversaries, corporate events, and community gatherings and a Beautiful 3season Patio area which can be booked for small group parties .The business is being sold as a complete turnkey operation, allowing a new owner to step in and begin operations immediately. The premises are fully equipped with a commercial-grade kitchen, quality fixtures, furnishings, and equipment, offering everything needed to continue operating without interruption. With a favorable lease in place at $7,000 per month plus HST, this business presents an excellent opportunity for experienced restaurateurs, entrepreneurs, or investors looking to expand their hospitality portfolio. Strategically located in a busy commercial corridor with excellent visibility, ample customer parking, and easy access, the restaurant benefits from consistent foot traffic and strong growth potential. There are numerous opportunities to further increase revenue through expanded catering services, online delivery platforms, additional marketing initiatives, and extended operating hours.
Estimate your monthly payments for this property
Estimated Payment
$2,513.95/mo
Includes CMHC insurance ($13,671)
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 Downtown Whitby
Downtown Whitby 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 Downtown Whitby
- •Convenient location in Whitby
- •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
Downtown Whitby 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.
227 Brock Street, Whitby
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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 $98/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 53 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 Whitby transactions.