$299,999 - 3023 Bathurst Street, Lawrence Park
Commercial for Sale in Lawrence Park
Neighbourhood: Bedford Park-Nortown
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- MLS Number
- C13795978
- Property Type
- Commercial
- Status
- active
- Days on Site
- 20
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,000 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- RE/MAX WEST REALTY INC.
Turnkey Shawarma Franchise Opportunity in a High-Traffic North York Location! (Bathurst & Lawrence). An exceptional opportunity to take over one well-established and highly recognized shawarma restaurant location in a prime North York area, with the opportunity to join a well-known and established brand. This location benefits from a strong and loyal customer base built over many years, excellent visibility, high daily traffic, and a proven reputation within the local community. As part of the franchise opportunity, the brand's additional established location prepares and supplies the food, fresh salads, and other key menu items, allowing the operator to benefit from centralized food preparation while maintaining a streamlined and efficient operation. The restaurant is fully equipped with a commercial exhaust hood, two shawarma grill stands, grillers, fryers, freezers, refrigerators, prep stations, and other essential equipment. The property also features a basement, offering valuable additional space that can be utilized for storage, preparation, office use, or other permitted purposes. The opportunity provides flexibility for the next owner: operate under the existing recognized brand and take advantage of the established systems and customer base, or explore the option of purchasing both locations together and potentially introducing a different brand or concept. With an established clientele, strong community presence, turnkey setup, and additional basement space, this is an opportunity suited for an owner-operator, investor, or experienced restaurateur looking to step into an established food business with room to grow.
Estimate your monthly payments for this property
Estimated Payment
$1,539.15/mo
Includes CMHC insurance ($8,370)
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 Bedford Park-Nortown
Bedford Park-Nortown 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 Bedford Park-Nortown
- •Convenient location in Lawrence Park / Bedford Park
- •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
Bedford Park-Nortown 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.
3023 Bathurst Street, Lawrence Park / Bedford Park
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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 $300/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 20-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 Lawrence Park transactions.