$17/mo - 99 Signet Drive Unit 300, Downsview
Commercial for Rent in Downsview
180 days on marketNeighbourhood: Humber Summit
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- MLS Number
- W12984488
- Property Type
- Commercial
- Status
- active
- Days on Site
- 180
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 271,859 sqft
- Neighbourhood
- Downsview / Black Creek
- Taxes (2026)
- $5
- Listing Brokerage
- AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
99 Signet Drive | Central GTA Industrial with Excess Land Zoned for Outside Storage. 271,859 SF of modern industrial space in the heart of the Central GTA with up to 5 acres of paved and secured excess land suitable for outside storage or trailer parking (available at an additional $14,000 per acre per month). Yard area can be demised to provide 2-5 acres of excess land. The modern building features 28' clear height throughout, ESFR sprinklers, 1,000 amps of power, 32 truck-level doors and 2 oversized drive-in doors, a backup generator and 171 employee parking stalls. Additional truck-level doors can be added, if required. Exceptional accessibility with TTC transit at the doorstep and just 3 minutes to the Finch LRT. Immediate access to Highways 400, 401 and 407. Situated within a mature industrial node offering strong labour pool access and established corporate neighbours. Includes two modern, well-laid-out single-floor office areas totaling 21,986 SF, incorporating employee amenities such as change rooms, lunchroom and shipping office. Office area can be reduced, as required. A rare opportunity to secure scale, yard optionality and transit connectivity in a supply-constrained Central GTA market.
Discover Humber Summit
Humber Summit 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 Humber Summit
- •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
Humber Summit 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.
99 Signet Drive Unit 300, 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
Commercial property values in Downsview are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Extended Exposure — Negotiating Room
At 180 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 Downsview transactions.