$2,950,000 - 802 Bloor Street, Bloor West Village
Commercial for Sale in Bloor West Village
34 days on marketNeighbourhood: Dovercourt-Wallace Emerson-Junction
- MLS Number
- W13588896
- Property Type
- Commercial
- Status
- active
- Days on Site
- 34
- Bedrooms
- 0
- Bathrooms
- 5
- Square Feet
- 3,300 sqft
- Neighbourhood
- Bloor West Village / Swansea
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
A rare opportunity to own a landmark mixed-use property in one of Toronto's most sought-after neighbourhoods. Properties of this calibre are often held within the same family for generations as is this. Ideally situated on prestigious Bloor Street West in Bloorcourt Village, this prime commercial/residential building is just steps from Christie Pits Park, Christie and Ossington subway stations, and surrounded by trendy cafés, restaurants, boutiques, bars, and everyday conveniences. Bordering Koreatown and The Annex, this vibrant High Traffic location continues to be one of Toronto's strongest investment corridors. The property features approx 1,100 sq. ft. of prime main-floor commercial space, an additional 850 sq. ft. bsmt, and FOUR fully leased residential apartments, providing immediate, stable rental income. The commercial unit is now vacant for the first time in 18 years following the tenant's retirement. This presents a rare opportunity for an owner-operator or investor to maximize the property's potential. The versatile commercial space is ideally suited for a medical or dental practice, law office, accounting firm, wellness clinic, psychologist, beauty or esthetics business, boutique retail, specialty services, or even restaurant use, subject to standard approvals. A standout feature is the private, fully fenced, and interlocked rear yard/patio. Set on an impressive 120-foot-deep lot-significantly deeper than the typical 95-100 foot lots along Bloor-this exceptional property offers tremendous long-term REDEVELOPMENT potential. The generous lot size may provide opportunities for future expansion, additional building area, or the construction of Laneway Suites, increasing income and value. Whether you're seeking a premier Owner-User opportunity, a high-performing investment, or a trophy asset in one of Toronto's most dynamic neighborhoods this is your chance to acquire a Landmark Bloor St. property with immediate cash flow and significant long term UPSIDE.
Estimate your monthly payments for this property
Estimated Payment
$13,048.85/mo
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 Dovercourt-Wallace Emerson-Junction
Dovercourt-Wallace Emerson-Junction 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 Dovercourt-Wallace Emerson-Junction
- •Convenient location in Bloor West Village / Swansea
- •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
Dovercourt-Wallace Emerson-Junction 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.
802 Bloor Street, Bloor West Village / Swansea
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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 $894/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
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 34-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 Bloor West Village transactions.