$950,000 - 20 Stewart Street Unit 103, Downtown Toronto
Commercial for Sale in Downtown Toronto
- MLS Number
- C13161076
- Property Type
- Commercial
- Status
- active
- Days on Site
- 19
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 774 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Step into this rare live-work opportunity in the heart of King West at Twenty Stewart Lofts, which offers the flexibility to operate your business or enjoy boutique loft living - all with private front-door access directly from Stewart Street. Beautifully finished in warm white oak, this modern suite features solid wood oak flooring, 11-foot exposed concrete ceilings, 9-foot finished ceilings with potlights throughout, and full-height windows that flood the space with natural light. Thoughtfully designed custom millwork throughout provides exceptional style and abundant built-in storage. The kitchen is equipped with quality European built-in and panelled appliances, a large island with a separate drink fridge, and book-matched marble throughout with exposed shelving and LED lighting. The hotel-inspired bathroom offers heated flooring, large-format black tiles, shower with black privacy glass and a floating vanity with an LED mirror. Enjoy seamless indoor-outdoor flow with a spacious private terrace, perfect for work breaks, entertaining, or quiet relaxation. Whether you're an entrepreneur seeking a polished storefront-style presence or someone wanting a sophisticated home in King West, this unit delivers unmatched versatility and style. Situated in the bustling King West area, this neighbourhood is a hotspot for culture, dining, nightlife, and downtown living. Once a warehouse and industrial zone, the area has been transformed into one of Toronto's trendiest corridors, lined with upscale restaurants, sleek condos, and designer retail.
Estimate your monthly payments for this property
Estimated Payment
$4,873.99/mo
Includes CMHC insurance ($26,505)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
20 Stewart Street Unit 103, Downtown Toronto / Waterfront
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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 $1,227/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 19-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 Downtown Toronto transactions.