$775,000 - 996 Martin Grove Road Unit 310, Etobicoke
Commercial for Sale in Etobicoke
Popular ListingNeighbourhood: West Humber-Clairville
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- MLS Number
- W13829634
- Property Type
- Commercial
- Status
- active
- Days on Site
- 12
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 976 sqft
- Neighbourhood
- Etobicoke (West Mall / Rexdale)
- Listing Brokerage
- Royal LePage Real Estate Associates
Exceptional opportunity to own a professionally renovated, turnkey commercial office condominium in the highly sought-after Regal Plaza, a modern mixed-use development strategically located in West Toronto just minutes from Pearson International Airport. Situated on the 3rd floor, this bright and spacious unit features large wall-to-wall windows, abundant natural light, unobstructed views and high-end finishes, offering a sophisticated move-in-ready workspace from Day 1. Developed by SAMM Developments and built to Tier-1 Toronto Green Standards, Regal Plaza is a vibrant business community featuring 105 office suites, 8 ground-floor retail units and a wide range of professional services, medical and dental clinics, pharmacy and food amenities. Ideally positioned with immediate access to Hwy 401, 427, 409 and Highway 27, providing exceptional connectivity to major employment centres, downtown Toronto and Pearson International Airport. The building offers flexible zoning for a variety of permitted professional and commercial uses, making it an excellent opportunity for medical, legal, consulting, technology, accounting, professional services and owner-occupied businesses. Ample visitor parking, separate metering and low maintenance fees. Located within a premier mixed-use development with Staybridge Suites by Holiday Inn, hotel amenities and airport shuttle nearby, this property offers outstanding convenience for both business owners and investors. Surrounded by shopping, dining, public transit and major transportation routes, this is an exceptional opportunity to secure a modern commercial property in a rapidly growing and highly connected business district, ideal for end users, investors and businesses seeking long-term value and income potential. Property taxes to be assessed as this is a newly constructed building. Pictures are virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$3,976.15/mo
Includes CMHC insurance ($21,623)
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 West Humber-Clairville
West Humber-Clairville 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 West Humber-Clairville
- •Convenient location in Etobicoke (West Mall / Rexdale)
- •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
West Humber-Clairville 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.
996 Martin Grove Road Unit 310, Etobicoke (West Mall / Rexdale)
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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 $794/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 12-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 Etobicoke transactions.