$1,050/mo - 880 Ellesmere Road Unit N310, Kennedy Park
Commercial for Rent in Kennedy Park
32 days on marketNeighbourhood: Dorset Park
- MLS Number
- E13596786
- Property Type
- Commercial
- Status
- active
- Days on Site
- 32
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 380 sqft
- Neighbourhood
- Dorset Park / Kennedy Park
- Listing Brokerage
- CASMIR REALTY
Premium 380 SF 3rd-Floor Office | High-Exposure Plaza at Kennedy & EllesmereElevate your business in a busy, well-established commercial hub. This efficient 380 sq. ft. third-floor space offers a bright, professional footprint ideal for medical/health practitioners, legal or financial services, tech startups, or boutique agencies. Situated at the high-density intersection of Kennedy Rd and Ellesmere Rd, your practice benefits from a massive local customer base, excellent transit connections, and strong everyday foot traffic.Maximum Brand Exposure: Storefront and prominent pylon signage opportunities visible to heavy daily traffic. Built-in Demographics: Directly serves the surrounding high-density condo towers, townhome communities, and active retail plaza tenants. Effortless Accessibility: Elevator access to upper-level suites, direct ingress/egress off Ellesmere Rd, and rapid access to Highway 401. Transit & Amenities: Steps to TTC transit lines and surrounded by everyday support amenities for staff and clients. Hassle-Free Parking: Generous surface and underground parking available for visitors and employees.
Discover Dorset Park
Dorset Park 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 Dorset Park
- •Convenient location in Dorset Park / Kennedy Park
- •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
Dorset Park 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.
880 Ellesmere Road Unit N310, Dorset Park / Kennedy Park
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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 $3/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.
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 32-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 Kennedy Park transactions.