$80,000 - 38 Parkside Drive Unit #5, Newmarket
Commercial for Sale in Newmarket
45 days on marketNeighbourhood: Central Newmarket
- MLS Number
- N13549144
- Property Type
- Commercial
- Status
- active
- Days on Site
- 45
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Newmarket
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Established In 2003, This Highly Respected dog Care Business Has Built An Outstanding Reputation Over 23 Years For Exceptional Care, Personalized Service, And A Strong Client Relationships. The Business Generates Revenue Through Dog Daycare, Cage-Free Overnight Boarding, And Professional Grooming Services. With Approximately 300 Active Clients, It Enjoys A Loyal Customer Base, With Many Families Now Entrusting Their Second And Even Third Generation Of Dogs To The Business. Ideally Located In The Heart Of Newmarket, The Fully Equipped 3,238 sq. Ft. Facility Supports Efficient Operations And Is Being Offered As A Complete Turnkey Opportunity, Including Furniture, Fixtures, Equipment, And Other Business Assets. ** Operating 24 Hours A Day, 365 Days A Year, The Business Provides Unmatched Convenience for Clients, Creating A Significant Competitive Advantage And Fostering A Strong Customer Loyalty. ** Beyond Its Established Success, The Business offers Substantial Growth Potential. A New Owner Can Leverage The Existing Client Base And Strong Reputation To Introduce Complementary Services Such As Dog Training, Dog Walking, Pet Transportation, Puppy Programs, Retail Products, And Expanded Grooming Offerings. There Are Also Opportunities To Increase Revenues Through Strategic Marketing Initiatives With Local Pet-Related businesses. With A Trusted Brand, Experienced Staff, And A Proven Operating Model, The Business Is Well-Positioned For Continued Growth In The Expanding Pet Care Industry. The Owner Is Retiring, Creating An Exceptional Opportunity for An Entrepreneur Or Animal-Care Professional To Acquire A Well-Established Business With A Loyal Clientele, Excellent reputation, And Significant Upside Potential.
Estimate your monthly payments for this property
Estimated Payment
$410.44/mo
Includes CMHC insurance ($2,232)
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 Central Newmarket
Central Newmarket 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 Central Newmarket
- •Convenient location in Newmarket
- •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
Central Newmarket 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.
38 Parkside Drive Unit #5, Newmarket
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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 Newmarket 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.
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 45-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 Newmarket transactions.