$7,600/mo - 4544 Dufferin Street Unit 5, Downsview
Commercial for Rent in Downsview
56 days on marketNeighbourhood: York University Heights
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- MLS Number
- W13669166
- Property Type
- Commercial
- Status
- active
- Days on Site
- 56
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 2,151 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Excellent Multi-Use Commercial Leasing Opportunity at 4544 Dufferin Street, ideally located near Dufferin Street & Finch Avenue West. This approximately 2,151 sq. ft. main-floor commercial unit is situated within a busy mixed-use commercial plaza and offers excellent exposure and visibility along Dufferin Street. The space offers flexibility for a wide variety of potential commercial uses, including restaurant, café, lounge, retail, beauty salon/spa, place of worship/church, automotive-related businesses such as mechanic, dealership or auto body/paint shop, and other commercial uses, subject to zoning, licensing and municipal approvals. The plaza itself accommodates a diverse mix of businesses, including office uses on the second floor and various commercial, food, entertainment and automotive-related uses on the main floor. The unit features two pedestrian access doors, one at the front and one at the rear, plus a rear drive-in roll-up door measuring approximately 10' high x 8' wide, providing convenient direct vehicle and loading access into the unit. Includes 3 designated parking spaces at the front and 3 designated parking spaces at the rear for the exclusive use of this unit. Additional plaza parking may be available on a first-come, first-served basis, subject to availability and plaza/management rules. Offered at $8,600/month Gross Lease + HST. Water is included in the rent. Tenant is responsible for gas, hydro, internet and all applicable HST. Liability and contents insurance are mandatory. The unit is being leased strictly in As-Is, Where-Is condition. Tenant and Tenant's Agent must conduct their own due diligence and independently verify all intended uses, zoning, licensing, permits and municipal requirements with the appropriate authorities. Landlord and Listing Brokerage do not warrant the suitability or approval of any specific use.
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 5, 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 $4/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 56 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.