$220,000 - 2347 KENNEDY Road Unit 407, Agincourt
Commercial for Sale in Agincourt
Neighbourhood: Agincourt South-Malvern West
- MLS Number
- E13645168
- Property Type
- Commercial
- Status
- active
- Days on Site
- 18
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 770 sqft
- Neighbourhood
- Agincourt / Milliken
- Listing Brokerage
- T-ONE GROUP REALTY INC.,
Own a professionally designed office suite in one of Scarborough's most convenient and established commercial corridors. Offering approximately 770 Sq.Ft. of efficient office space, this vacant unit is ready for immediate occupancy and is ideal for both owner-users and investors. Designed to maximize efficiency and client comfort, the current layout includes: Elegant reception area Comfortable client waiting area Six private offices (Four treatment/exam rooms equipped with existing sinks, making the space ideal for medical, dental, cosmetic, physiotherapy, chiropractic, massage therapy, acupuncture, wellness or other healthcare-related practices, Two bright executive offices featuring large windows with abundant natural light) Minimal renovation is required for many professional users, allowing your business to begin operating quickly. Building is open 7 days a week, providing outstanding flexibility for businesses with weekend appointments or extended operating hours, Well-managed professional office building with a strong mix of medical and professional tenants, Situated within an area designated under the Official Plan as Mixed Use (Including Residential) and located inside a Major Transit Station Area (MTSA), this property benefits from strong long-term growth potential as the surrounding community continues to evolve. Whether you are establishing your own professional practice or adding a quality commercial asset to your investment portfolio, this turnkey office combines an exceptional location, functional layout, business-friendly operation, and outstanding future growth potential. Vacant Unit With Immediate Possession. A Rare Turnkey Opportunity For Both End Users And Investors In A High-Demand Commercial Corridor.
Estimate your monthly payments for this property
Estimated Payment
$1,128.71/mo
Includes CMHC insurance ($6,138)
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 Agincourt South-Malvern West
Agincourt South-Malvern West 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 Agincourt South-Malvern West
- •Convenient location in Agincourt / Milliken
- •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
Agincourt South-Malvern West 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.
2347 KENNEDY Road Unit 407, Agincourt / Milliken
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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 $286/sqft, this is priced in the mid-range for GTA commercial space. 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 18-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 Agincourt transactions.