$65,000 - 66 N Queen Street, Etobicoke
Commercial for Sale in Etobicoke
326 days on marketNeighbourhood: Islington-City Centre West
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- MLS Number
- W12548558
- Property Type
- Commercial
- Status
- active
- Days on Site
- 326
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 288 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
This is a strong turnkey business with steady monthly volume, low overhead relative to the area, and significant room for scaling. Ideal for an owner-operator or investor looking for stable service business with long-term lease security. Location & Visibility: The shop is positioned in a high-traffic commercial corridor on North Queen St, known for strong automotive-related activity. Excellent visibility, easy access, and ample parking make this a strategic location for a detailing business. Current Operations: The business consistently delivers 40-60 cars per month across detailing packages, polishing services, and ceramic coating. This volume demonstrates stable customer flow and repeat clientele, indicating strong operational performance. Offering a full range of services - including: Exterior & interior detailing, Paint correction, Polishing and Ceramic coating. This diversified service menu attracts both everyday drivers and premium clients, increasing revenue potential and upsell opportunities. Revenue Potential With an average ticket value typically ranging from $150-$700+ depending on service level (especially with ceramic coating), the business is well-positioned for strong monthly income. Increasing ceramic coating volume can further boost margins. Lease & Overhead Stability: The rent is $3,500/month all-inclusive, locked in until 2028, with an additional 5-year extension option. This offers long-term stability and predictable operating costs - a major asset for any buyer or investor. Growth Opportunities: Expand into fleet services with local dealerships and rental agencies, Increase marketing through Google Maps & Instagram, Introduce tinting, PPF, or mobile detailing and Hire an additional technician to raise monthly volume above 80 cars. Competitive Advantage: The shop benefits from a combination of fair pricing, professional results, and a long-term favorable lease. The location's automotive-heavy traffic provides constant customer exposure.
Estimate your monthly payments for this property
Estimated Payment
$333.48/mo
Includes CMHC insurance ($1,814)
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 Islington-City Centre West
Islington-City Centre 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 Islington-City Centre West
- •Convenient location in Etobicoke (Islington / Rexdale)
- •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
Islington-City Centre 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.
66 N Queen Street, Etobicoke (Islington / Rexdale)
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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 $226/sqft, this is priced in the mid-range for GTA commercial space. 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 326 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 Etobicoke transactions.