$2,696/mo - 4544 Dufferin Street Unit 208 A, Downsview
Commercial for Rent in Downsview
88 days on marketNeighbourhood: York University Heights
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- MLS Number
- W13553348
- Property Type
- Commercial
- Status
- active
- Days on Site
- 88
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,320 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Welcome to Unit 208A at 4544 Dufferin Street, an approximately 1,500 sq. ft. commercial space located on the second floor of a well-established commercial plaza in the Dufferin Street and Finch Avenue West area of North York. The property has undergone significant improvements, including renovated common hallways and washrooms, updated flooring, fresh paint, replacement of many windows, improvements to the plaza asphalt, and ongoing renovations to individual units. Unit 208A offers a flexible commercial space suitable for a variety of professional, service-related, educational, wellness, community, and institutional uses, including professional offices, accounting and administrative services, travel agencies, wellness services, tutoring and training centres, music or dance instruction, community organizations, social clubs, and places of worship, subject to applicable zoning, municipal requirements, and landlord approval. Conveniently located in an established commercial and employment area with access to public transit, major roads, surrounding businesses, and Highways 401 and 400.The unit is offered on a gross lease basis with utilities and internet included. The lease term is one year, followed by a month-to-month tenancy with 30 days' notice, subject to the terms of the lease agreement. Two designated parking spaces are included for Unit 208A, with additional visitor parking available within the plaza on a first-come, first-served basis. An excellent opportunity for businesses and organizations seeking flexible commercial space in a convenient North York location.
Discover York University Heights
York University Heights 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 York University Heights
- •Convenient location in Downsview / Black Creek
- •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
York University Heights 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.
4544 Dufferin Street Unit 208 A, Downsview / Black Creek
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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 $2/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 88 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 Downsview transactions.