$39,998 - 1188 Danforth Avenue, Danforth
Commercial for Sale in Danforth
35 days on market- MLS Number
- E13128974
- Property Type
- Commercial
- Status
- active
- Days on Site
- 35
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Danforth / East York
- Listing Brokerage
- BREWING BROKERS REALTY INC.
Turnkey opportunity to own a newly built and fully renovated nail salon in a prime Danforth location at Danforth & Woodgreen. Beautifully designed modern space with a luxurious and welcoming atmosphere, strong branding, growing online presence, and a new long-term lease already in place. Approx. 860 sq ft as per plan with an efficient open-concept layout featuring 6 manicure stations with built-in charging ports, 3 pedicure stations, lash/facial treatment area, head spa equipment, reception area, POS system, custom décor, shelving, LED lighting, and extensive inventory including 200+ gel polish colours and beauty supplies. The salon is currently operating as a nail salon with complementary/add-on beauty services including lashes, facials, massage, and head spa treatments. Please note permitted use under the lease is for a nail salon operation with related beauty services. Strong digital presence already established with Instagram account featuring approximately 20,000 followers, integrated website connected to POS system, and Google Business profile with 4.8-star rating and reviews. Growing client base with repeat customers and ongoing bookings already in place. Currently operating with 4 beauty specialists. Attractive gross lease at approximately $3,400/month including utilities and operating costs. Long-term 5-year lease in place with assignment potential subject to landlord approval. Excellent opportunity for an owner-operator or beauty professional looking to step into a professionally built salon without the time and cost of completing a full renovation and startup from scratch.
Estimate your monthly payments for this property
Estimated Payment
$205.21/mo
Includes CMHC insurance ($1,116)
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 Danforth / East York
Danforth / East York 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 Danforth / East York
- •Convenient location in Danforth / East York
- •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
Danforth / East York 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.
1188 Danforth Avenue, Danforth / East York
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
Commercial property values in Danforth 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.
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 35-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 Danforth transactions.