$40,000 - 86 Melford Drive Unit Unit 9, Morningside
Commercial for Sale in Morningside
83 days on marketNeighbourhood: Malvern
- MLS Number
- E13225870
- Property Type
- Commercial
- Status
- active
- Days on Site
- 83
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,200 sqft
- Neighbourhood
- Scarborough (Morningside / West Hill)
- Listing Brokerage
- HOMELIFE SUPERSTARS REAL ESTATE LIMITED
Here is the revised listing with the mezzanine and **PAINT BOOTH POSSIBLE** added:**PRICE REDUCED - TURNKEY CABINET MANUFACTURING BUSINESS | $40,000 | RENT $3,200 INCLUDING TMI & HST**Rare opportunity to purchase a fully equipped custom cabinet and millwork business in Toronto for only **$40,000**. Monthly rent is only **$3,200, including TMI and HST**. **PAINT BOOTH POSSIBLE.** The business has been operating successfully for over **six years** and is ready for a new owner.The business specializes in custom kitchen cabinets, vanities, closets, wardrobes, wall units and millwork. All equipment required for the operation is included in the sale.The unit includes approximately **1,200 sq. ft.**, plus an additional **400 sq. ft. mezzanine**. The mezzanine is not included in the 1,200 sq. ft.The owner is willing to provide training, assist with the transition and introduce the buyer to suppliers and key industry contacts. Financing may also be available.The industrial unit permits woodworking and may accommodate spray painting or a paint booth, subject to required approvals. The space includes high ceilings, a drive-in shipping door, front and rear access, three dedicated parking spaces and overnight parking.Conveniently located near Highway 401 and Neilson Road.Ideal for cabinet makers, contractors, renovators, entrepreneurs or an existing cabinet company looking to expand.**Six years of successful operation. Equipment included. Rent only $3,200 including TMI and HST. Additional 400 sq. ft. mezzanine. Business price reduced to ***$40,000 for a quick sale.***
Estimate your monthly payments for this property
Estimated Payment
$205.22/mo
Includes CMHC insurance ($1,116)
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 Malvern
Malvern 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 Malvern
- •Convenient location in Scarborough (Morningside / West Hill)
- •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
Malvern 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.
86 Melford Drive Unit Unit 9, Scarborough (Morningside / West Hill)
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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 $33/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 83 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 Morningside transactions.