$599,000 - 75 ASHWARREN Road Unit 75, Downsview
Commercial for Sale in Downsview
New — Listed 6 days agoNeighbourhood: York University Heights
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- MLS Number
- W13848718
- Property Type
- Commercial
- Status
- active
- Days on Site
- 6
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 4,800 sqft
- Neighbourhood
- Downsview / Black Creek
- Taxes (2026)
- $764
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
RARE TURNKEY AUTOMOTIVE BUSINESS OPPORTUNITY - 26 YEARS ESTABLISHED. Exceptional opportunity to acquire a well-established automotive parts and repair business operating at the same location for 26 years. Located at 75 Ashwarren Rd, the business has built a strong reputation, loyal repeat clientele and established supplier relationships. Specializing in new, used, and rebuilt automotive parts, including engines, transmissions, suspension and body parts, while also offering general mechanical repair services. Multiple revenue streams provide an excellent platform for an experienced operator and significant potential for future growth. Key Features: 26 years established at the same location Strong reputation and loyal customer base Over 100 phone calls daily and numerous parts inquiries Approx. $95,000-$100,000 inventory Established supplier relationships with Ontario scrapyards and aftermarket suppliers 3 hoists/lifts + 1 forklift Welding machine, heavy-duty air compressor and ramp Extensive steel shelving and professional shop equipment Complete sets of tools, spanners and ratchets Approx. 16 parking spaces Established online marketing and customer traffic Excellent exposure and convenient North York location Potential to expand automotive-related operations. Monthly Rent: Approx. $4,083TMI: Approx. $746.33/month A true turnkey opportunity for an automotive professional, mechanic, parts operator or entrepreneur looking to become their own boss and build on an established operation. Financial information available to qualified buyers upon signing a confidentiality agreement. Huge demand from nearby businesses, Ideal for family-run or owner-operated businesses to increase sales. Please Do Not Visit the Store or Speak to Staff. All Showings by Appointment only Perfect For: New immigrants First-time business buyers Investors looking for a steady cash flow. The seller is willing to provide training to the buyer.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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 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.
75 ASHWARREN Road Unit 75, 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 $125/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.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
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.