$335,000 - 70 Belfield Road Unit 2, Etobicoke
Commercial for Sale in Etobicoke
156 days on marketNeighbourhood: West Humber-Clairville
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- MLS Number
- W13080302
- Property Type
- Commercial
- Status
- active
- Days on Site
- 156
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 4,800 sqft
- Neighbourhood
- Etobicoke (West Mall / Rexdale)
- Taxes (2026)
- $4
- Listing Brokerage
- HOMELIFE SILVERCITY REALTY INC.
Well-established kitchen cabinet and woodworking business for sale, successfully operating from the same premises for over 20 years. Excellent opportunity to acquire a turn-key operation specializing in custom kitchen cabinets, closets, wall units, and vanities.Ideally located near Hwy 409 and Hwy 401, this highly accessible location offers great convenience for client visits, deliveries, and day-to-day operations. The business benefits from very affordable rent of only $6,100 + HST, including TMI.Over the years, the business has built strong relationships with multiple builders and regularly supplies bulk cabinetry and vanities for new residential developments. The facility is fully equipped with all required machinery, equipment, and inventory, including a professionally installed, city-approved spray booth, a rare and valuable feature for this industry.A well-designed showroom is also in place, featuring custom kitchen and bedroom displays to showcase the quality of work to clients. The premises further include two functional truck-level shipping and receiving docks for easy loading and receiving.All equipment, machinery, and inventory are included in the sale, making this a true turn-key business ready for immediate operation. The seller is retiring but is willing to stay on temporarily to provide training and introduce the buyer to existing clients for a smooth transition.Ideal for an entrepreneur looking to enter the industry or an existing operator wanting to expand. Sale of business only. Premises are leased and subject to landlord approval.
Estimate your monthly payments for this property
Estimated Payment
$1,718.72/mo
Includes CMHC insurance ($9,347)
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 West Humber-Clairville
West Humber-Clairville 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 West Humber-Clairville
- •Convenient location in Etobicoke (West Mall / 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
West Humber-Clairville 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.
70 Belfield Road Unit 2, Etobicoke (West Mall / 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 $70/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 156 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.