$450,000 - 4271 Sheppard Avenue Unit B, Agincourt
Commercial for Sale in Agincourt
Popular ListingNeighbourhood: Agincourt South-Malvern West
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- MLS Number
- E13839208
- Property Type
- Commercial
- Status
- active
- Days on Site
- 8
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2,715 sqft
- Neighbourhood
- Agincourt / Milliken
- Listing Brokerage
- RE/MAX OPTIMUM REALTY
A turnkey, fully built-out 65-seat licensed restaurant at Sheppard & Midland, on one of Scarborough's busiest commercial corridors. Recently and extensively renovated to a high standard, in mint condition, clean and operating: approximately 65 seats, LLBO licensed, and a commercial kitchen under roughly 30 feet of hood, capacity that supports almost any cuisine. The dining room is finished with warm contemporary Indian detailing, but the layout and infrastructure are cuisine-agnostic, so a new operator can rebrand and reconcept with minimal change to the build-out - the capital is already in the ground. Approximately 1.5 years remain on the current term plus a 5+5 -year renewal option, a long runway with no near-term uncertainty. The location does the marketing: the unit sits on Agincourt's principal retail spine with aBMO branch in the same plaza and a Scotiabank at the intersection, Agincourt GO Station on theStouffville line a short walk along the same street, and TTC's 85 Sheppard East, 985 SheppardEast Express and 904 Sheppard-Kennedy Express all serving this corridor with a stop atSheppard and Midland - surrounded by one of Toronto's densest and most diverse diningcatchments, the Agincourt secondary school cluster, and the approved Agincourt Mall masterplanned redevelopment bringing significant new residential density within minutes. Ample plaza parking. Lease documentation released to qualified buyers upon execution of a confidentiality agreement; please do not approach staff or attend without an appointment; showings through the listing agent only.
Estimate your monthly payments for this property
Estimated Payment
$2,308.73/mo
Includes CMHC insurance ($12,555)
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 Agincourt South-Malvern West
Agincourt South-Malvern West 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 Agincourt South-Malvern West
- •Convenient location in Agincourt / Milliken
- •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
Agincourt South-Malvern West 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.
4271 Sheppard Avenue Unit B, Agincourt / Milliken
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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 $166/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 8-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 Agincourt transactions.