$3,199,000 - 392 Eglinton Avenue, Lawrence Park
Commercial for Sale in Lawrence Park
79 days on marketNeighbourhood: Lawrence Park South
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- MLS Number
- C13583286
- Property Type
- Commercial
- Status
- active
- Days on Site
- 79
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,604 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Taxes (2025)
- $26,890
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Prime mixed-use opportunity in one of Midtown Toronto's most desirable commercial corridors. Perfectly positioned on Eglinton Avenue West near Avenue Road, this beautifully renovated property offers exceptional exposure, steady pedestrian and vehicular traffic, and outstanding flexibility for both business owners and investors.The ground floor features a fully renovated retail space-a modern blank slate ready to bring your business vision to life. Whether you're opening a boutique, wellness studio, service-based business, the bright open layout provides the ideal canvas to customize to your needs. The lower level offers excellent additional space for storage, utilities, or future improvements, ready for your personal touch.Adding to the property's appeal is the self-contained upper-level residential suite, creating the perfect live-work opportunity. Live above your business and enjoy a virtually effortless commute, or lease the residential space to generate valuable passive rental income and help offset operating costs.Located beside the iconic Eglinton Grand event venue and surrounded by established retailers, restaurants, professional offices, and affluent residential neighbourhoods, this address offers unmatched visibility and convenience. The property also benefits from excellent transit connectivity, just minutes from the newly opened Eglinton Crosstown LRT, Allen Road, and major commuter routes, making it easily accessible for both clients and employees.Additional highlights include excellent street frontage with prominent signage opportunities, versatile permitted commercial uses, a rare private outdoor terrace on the upper level, and endless potential to establish or expand your business in one of Toronto's fastest-growing neighbourhoods.An exceptional opportunity to own a turnkey commercial property with income potential in a premier Midtown Toronto location.
Estimate your monthly payments for this property
Estimated Payment
$14,150.26/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 Lawrence Park South
Lawrence Park South 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 Lawrence Park South
- •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
Lawrence Park South 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.
392 Eglinton Avenue, 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 $888/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. 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 79 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 Lawrence Park transactions.