$5,900/mo - 3A Gilead Place, Cabbagetown
Commercial for Rent in Cabbagetown
145 days on marketNeighbourhood: Moss Park
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- MLS Number
- C13133956
- Property Type
- Commercial
- Status
- active
- Days on Site
- 145
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,200 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- CV Real Estate
Step into something truly exceptional - this is not your average rental space. Nestled in the heart of one of downtown Toronto's most dynamic areas, this unit resides in a historic building that has not only stood the test of time but has also starred in multiple film productions, giving it a cinematic edge you simply won't find elsewhere. The moment your client crosses the threshold, they will sense the character - high ceilings, exposed brick, oversized windows flooding the space with natural light, and architectural details that whisper stories of past creative uses and future possibilities. Think studio, showroom, gallery, creative office, event space - the floor plan flexes easily, and the zoning allows for multiple uses. Offered on a gross lease (everything included), the tenant can focus purely on the vision without getting bogged down in utilities and hidden costs. The owners are actively involved - they care. That level of stewardship is rare. The building's charm and ownership's personal touch give this opportunity true distinction. Location-wise: you're in a vibrant downtown neighbourhood that offers both authenticity and access. Just around the corner you'll find major transit links, great dining and retail pockets and that unmistakable creative downtown energy. Your client can walk or roll to the city's best while still operating in a space that feels bespoke and off-the-mainstream. Lease term is flexible, starting at a minimum of one year - we'll work with you to tailor the term to the right use and fit. Because the owners care about continuity, they'll review the full tenant package to ensure fit is solid. If your client is looking to elevate their brand, build space that reflects their identity, and stamp their presence in a location that has both story and structure - this is it. Don't just lease. Claim a space that resonates Claim a space that resonates, that inspires. AI Enhanced Photos to show possibilities.
Discover Moss Park
Moss Park 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 Moss Park
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Moss Park 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.
3A Gilead Place, Regent Park / Cabbagetown / St. James Town
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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 $5/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 145 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 Cabbagetown transactions.