$1/mo - 3305 Sheppard Avenue, Scarborough Village
Commercial for Rent in Scarborough Village
180 days on marketNeighbourhood: Tam O'Shanter-Sullivan
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- MLS Number
- E12985324
- Property Type
- Commercial
- Status
- active
- Days on Site
- 180
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 1,327 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Step into the vibrant heart of Toronto with the Subway franchise, recognized globally as the world's largest sandwich brand and a leading force in Canada's restaurant industry. Positioned amid soaring high-rises and a bustling commercial corridor, this neighbourhood pulses with energy as residents and commuters flow through each day. The area's ongoing expansion, fueled by numerous established and upcoming developments, continues to drive growth and opportunity. Subway's reputation spans across Canada, offering guests freshly made sandwiches, wraps, and salads that combine convenience with affordability. Entrepreneurs are drawn to Subway's proven model, which features a global presence, low operational costs, and a streamlined, high-growth approach. With simple operations-no fryers and minimal staffing required-management is both efficient and straightforward. Always attuned to evolving consumer trends, Subway goes beyond menu innovation by continually enhancing store design and functionality. Freshness forms the foundation of the brand, supported by a commitment to sourcing premium ingredients and proteins. This dedication connects each meal to local communities, ensuring every bite is both delicious and meaningful. Recognized as one of Canada's most respected and visible restaurant brands, Subway enriches neighbourhoods nationwide with a menu that is customizable, crave-worthy, and consistently fresh. Don't miss your chance to join this thriving network-embrace the opportunity and power up with Subway today. New Buyers can explore a variety of store options, providing flexibility and the potential for multiple locations.
Discover Tam O'Shanter-Sullivan
Tam O'Shanter-Sullivan 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 Tam O'Shanter-Sullivan
- •Convenient location in Scarborough Village / Eglinton East
- •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
Tam O'Shanter-Sullivan 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.
3305 Sheppard Avenue, Scarborough Village / Eglinton East
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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
Commercial property values in Scarborough Village are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Extended Exposure — Negotiating Room
At 180 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 Scarborough Village transactions.