$1,150/mo - 998 Martin Grover Road Unit 315, Etobicoke
Commercial for Rent in Etobicoke
New — Listed 6 days agoNeighbourhood: West Humber-Clairville
- MLS Number
- W13509354
- Property Type
- Commercial
- Status
- active
- Days on Site
- 6
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 4,000 - 4,499 sqft
- Neighbourhood
- Etobicoke (West Mall / Rexdale)
- Listing Brokerage
- STREET MASTER REALTY LTD.
Premium coworking space is now available at Regal Plaza Corporate Centre, located at 998 Martin Grove Road in Toronto. This fully furnished, plug-and-play executive office environment offers flexible, short-term lease options designed for entrepreneurs, consultants, startups, and corporate satellite teams.Suites accommodate one to 20 offices, with 4,000 square feet available, and are divisible upon request. Fully furnished offices starting at $1150 per month with early booking incentives, tenants benefit from turnkey occupancy immediately. Situated within the prestigious Holiday Inn Toronto International Airport / Staybridge Suites Toronto Airport East complex, the 11-storey mixed-use building features ground-floor retail, restaurants, a multi-use atrium, 64,000 square feet of dedicated office space (Levels 2 to 4), two levels of underground parking, and 200 hotel suites, delivering unmatched convenience and professional presence. Strategically located at Dixon Road and Martin Grove Road, Regal Plaza Corporate Centre offers immediate access to Highways 401, 427, and 27, and is minutes from Toronto Pearson International Airport with airport shuttle service. Steps from Toronto Congress Centre, the location benefits from strong convention traffic, corporate demand, and a dense employment base within the Airport Corporate Centre. The surrounding area features hotels, restaurants, service retailers, logistics, and office users. As part of one of Toronto's most established commercial corridors, the Airport Corporate Centre market continues to attract aviation, logistics, technology, and professional service firms seeking connectivity and visibility. Coworking space at the Regal Plaza Corporate Centre presents a rare opportunity to secure a prestigious, flexible workspace in a high-traffic, infrastructure-rich node without long-term lease commitments. Availability is limited. Contact the listing agent today to reserve space and secure early booking incentives.
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.
998 Martin Grover Road Unit 315, 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
Commercial property values in Etobicoke 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.
Just Listed — Take Your Time
This property just hit the market. Commercial due diligence is thorough and takes time — environmental assessments, lease review, financial statement analysis, and zoning confirmation. Unlike residential, there's rarely a multiple-offer frenzy. Act with focus, not urgency.
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.