$2,595/mo - 33 Villiers Street Unit 102, Leslieville
Commercial for Rent in Leslieville
201 days on marketNeighbourhood: South Riverdale
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- E12905070
- Property Type
- Commercial
- Status
- active
- Days on Site
- 201
- Bedrooms
- 0
- Bathrooms
- 9
- Square Feet
- 1,054 sqft
- Neighbourhood
- Riverdale / Leslieville
- Lot Size
- 41,730 sqft
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Discover a rare opportunity to lease studio and office space in one of Toronto's most iconic creative hubs - Cherry Beach Sound, located in the newly redeveloped Portland in the heart of the Film District. Home to Grammy-winning albums and major film soundtracks, this building features state-of-the-art post-production and recording studios, making it an ideal environment for artists, producers, filmmakers, and other creative professionals. Surrounded by a thriving community of innovators, tenants also benefit from direct access to the newly opened Biidaasige Park, a stunning 60-acre waterfront park & trails, gathering spaces, and sweeping views, offering daily inspiration just steps away. This is more than just a workspace; it's a place where creativity thrives in a purpose-built setting that blends cutting-edge facilities, and a legacy of artistic excellence. Perfect smaller to medium sized offices/studio spaces for production offices, photography, creative studios, advertising, design, marketing, distribution, programming, animation, editing, writing, yoga, pilates and more. Located in the heart of Toronto' Film & TV District, this move-in-ready suite is designed for today' creative professionals. Suite features includes Free visitor parking, Pre-wired for high-speed fiber internet, common Boardroom, common Kitchenette, 24/7 secured access, Fully monitored security system, Climate-controlled environment. Easy access to the Don Valley Parkway and Gardiner Expressway. Newly renovated & up-to-date, professionally owner occupied & managed, and truly plug-and-play. A prime opportunity to work alongside Toronto' creative community already in the property. Utilities included (except internet). 2 assigned parking + visitor. Additional units available - see separate listings for 400 sf, 1400 sf, 1054 sf.
Discover South Riverdale
South Riverdale 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 South Riverdale
- •Convenient location in Riverdale / Leslieville
- •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
South Riverdale 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.
33 Villiers Street Unit 102, Riverdale / Leslieville
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $2/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 201 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 Leslieville transactions.