$5,500/mo - 421 Bloor Street Unit 207/208, Cabbagetown
Commercial for Rent in Cabbagetown
Neighbourhood: North St. James Town
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- MLS Number
- C13806306
- Property Type
- Commercial
- Status
- active
- Days on Site
- 18
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,190 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2026)
- $8,492
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
An exceptional leasing opportunity in one of Downtown Toronto's most connected health and professional-services buildings. This combined suite sits directly across from Sherbourne Subway Station, with immediate access to Bloor Street, area hospitals, and a two-minute drive to the DVP - a location built for client traffic and staff commutes alike. Fully converted and renovated in 2021, the space offers a bright, open-concept reception and shared workspace area leading into five generously sized private offices, each with expansive exterior windows overlooking the busy Bloor/Sherbourne intersection. An in-suite kitchen supports day-to-day staff use, with common washrooms conveniently located on the floor. Plumbing rough-ins remain behind the walls, preserving flexibility for medical or dental use, while the current layout also allows room to expand into additional offices, cubicle space, or a boardroom/meeting area.Situated in a professionally managed building with condo fees inclusive of all utilities, and surrounded by restaurants and everyday amenities. A turn-key setup for medical, dental, or professional office use in an unbeatable transit-oriented location.
Discover North St. James Town
North St. James Town 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 North St. James Town
- •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
North St. James Town 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.
421 Bloor Street Unit 207/208, 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.
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 18-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 Cabbagetown transactions.