$47/mo - 650 Sheppard Avenue Unit #4, Bayview Village
Commercial for Rent in Bayview Village
37 days on marketNeighbourhood: Bayview Village
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- MLS Number
- C13657974
- Property Type
- Commercial
- Status
- active
- Days on Site
- 37
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 480 sqft
- Neighbourhood
- Hillcrest Village / Bayview Village
- Listing Brokerage
- BRIDLEPATH PROGRESSIVE REAL ESTATE INC.
Exceptional opportunity to lease approximately 480 sq.ft. of prime commercial/retail space in a highly desirable and affluent neighbourhood. Currently operating as a hair salon, the premises have strong potential for retail, service, professional, or other commercial uses, subject to applicable zoning and approvals. Ideally positioned with excellent exposure to Sheppard Avenue and strong visibility from busy traffic. Surrounded by Luxury Condominiums, Apartments and established Residential Neighbourhoods, the location provides access to an excellent and established customer base. Conveniently located near Bayview Village Shopping Centre, with easy access to surrounding Amenities, Public Transportation and Major Transportation routes. The space is currently configured and furnished as a Hair Salon. The existing Tenant is willing to negotiate separately with the incoming Tenant for the purchase of some or all of the existing Furniture, Fixtures and Equipment. Any such purchase is to be negotiated directly between the existing Tenant and the incoming Tenant and is separate from the lease transaction. An excellent opportunity for a Hair Salon, Beauty or Personal - Care Business, Retailer, Professional Office, Service Business or other permitted Commercial use seeking a presence in a prime Toronto location with excellent street exposure and visibility. Furniture, Fixtures, and Equipment are not included in the lease unless otherwise expressly agreed. Tenant and Tenant's Agent to verify zoning, permitted uses, measurements and all information relevant to the Tenant's proposed use. NOTE: The current Tenant is willing to stay renting a chair as a Hair Salon to be dealt separately and personally between the old and new Tenant outside the Real Estate Lease Transaction.
Discover Bayview Village
Bayview Village 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 Bayview Village
- •Convenient location in Hillcrest Village / Bayview Village
- •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
Bayview Village 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.
650 Sheppard Avenue Unit #4, Hillcrest Village / Bayview Village
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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
Commercial property values in Bayview Village are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
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 37-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 Bayview Village transactions.