$469,000 - 956 St Clair Avenue Unit Main Floor, Forest Hill
Commercial for Sale in Forest Hill
174 days on marketNeighbourhood: Oakwood Village
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C12926956
- Property Type
- Commercial
- Status
- active
- Days on Site
- 174
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,848 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Yummi Café Laundromat - Where Everyday Convenience Meets Exceptional Opportunity. Discover a rare, high-performing business in the heart of one of Toronto's most vibrant and sought-after neighbourhoods. Ideally located on the sunny north side of St. Clair Avenue West, between Hillcrest Village and Corso Italia in bustling Regal Heights Village, this prime storefront enjoys constant pedestrian traffic and unbeatable streetcar access right at the door. This fully attended, turnkey operation combines a modern laundromat with a lively café, creating multiple, diversified revenue streams in a single, community-driven destination. Step into a bright, sun-filled space designed to elevate the customer experience. Guests can unwind with espresso-based drinks, bubble tea, desserts, or choose from 36 flavours of ice cream while they wait. Digital displays showcase an appealing menu, transforming routine laundry into a comfortable and enjoyable visit. The laundromat is the largest in the area, built to handle high volume with ease: 2 60 lbs washers, (perfect for oversized loads), 4 40 lbs washers, 10 20 lbs washers, 4 45 lbs stacked dryers, 12 30 lbs stacked dryers. Beyond self-serve laundry, the business generates additional income through high-margin wash-and-fold service, with a clear opportunity to scale further or introduce dry cleaning for even greater profitability. On-site retail sales of laundry products provide added revenue. Thoughtfully designed with both front and rear seating areas, the space fosters repeat clientele and a strong neighbourhood presence. Turnkey. Profitable. Scalable. A standout investment with multiple income streams and room to grow in a premium Toronto location. VIEW THE VIDEO TOUR, to experience it firsthand.
Estimate your monthly payments for this property
Estimated Payment
$2,406.21/mo
Includes CMHC insurance ($13,085)
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 Oakwood Village
Oakwood Village 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 Oakwood Village
- •Convenient location in Forest Hill / Deer 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
Oakwood Village 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.
956 St Clair Avenue Unit Main Floor, Forest Hill / Deer Park
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $254/sqft, this is priced in the mid-range for GTA commercial space. 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 174 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 Forest Hill transactions.