$1,550,000 - 280 Bells Lane, Innisfil
Commercial for Sale in Innisfil
32 days on marketNeighbourhood: Gilford
- MLS Number
- N13595880
- Property Type
- Commercial
- Status
- active
- Days on Site
- 32
- Bedrooms
- 3
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Innisfil
- Listing Brokerage
- MAIN STREET REALTY LTD.
Mixed FIVE (5) Unit Commercial/Residential building in Gilford. Minutes to Lake Simcoe and sandwiched between the expanding town of Bradford and the proposed ORBIT development in Innisfil. Bradford bypass interchange (to be completed) will be less than a 10 minute drive providing easy access to Hwy 400 and 404. One of a kind investment opportunity on a an almost 1/3 acre lot with Commercial Village (CV) zoning and two road frontages with separate access. Surrounded by stately homes and multiple property developments both proposed and currently under construction. Get in before it's too late! Commercial consists of two units with shared washroom facilities, organized currently as owner occupied equipment storage (985 sqft) with garage access and a restaurant (1905 sqft) equipped with a certified 10' wide commercial grade ventilation system with fire suppression, built-in drink fridge, serving counter, and walk-in cooler. Restaurant space recently available for lease, good time to choose your own tenants. Residential suites with separate double door entrance on the other side of the building, consists of one 2-bedroom suite with one bath, one 1-bedroom suite, and bachelor on the main level. Excellent setup with all units separately metered for their own hydro, shared coin operated laundry and heated using a newer central boiler system. Commercial space has own HVAC system with no connection to residential suites. Commercial Village (CV) zoning allows for many uses including, but not limited to, medical office, veterinary clinic, day nursery, commercial school, financial institution, funeral home, place of worship, hotel, motel, personal service, pet daycare, art studio, professional office, government offices, bake shop, custom workshop, B&B, and more. High visibility and plenty of parking. Same owner for 20 years has maintained all infrastructure in sound condition with regular fire safety inspections.
Estimate your monthly payments for this property
Estimated Payment
$6,856.17/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 Gilford
Gilford 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 Gilford
- •Convenient location in Innisfil
- •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
Gilford 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.
280 Bells Lane, Innisfil
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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 $310/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 32-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 Innisfil transactions.