$249,990 - 2575 Victoria Park Avenue, Scarborough Village
Commercial for Sale in Scarborough Village
New — Listed 7 days ago- MLS Number
- E13242132
- Property Type
- Commercial
- Status
- active
- Days on Site
- 7
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 1,566 sqft
- Neighbourhood
- Scarborough Village / Eglinton East
- Lot Size
- 52,076 sqft
- Listing Brokerage
- STREETCITY REALTY INC.
***Priced to Sell***Turnkey QSR Opportunity Fat Bastard Burrito Franchise Available for Purchase. Prime location in Scarborough, ON. This well-established store is located in a prestigious plaza featuring busy businesses and a TD Bank, just steps away from Victoria Park and Sheppard Avenue. It offers easy access to Highway 401 via the Victoria Park exit and is in proximity to Fairview Mall and Scarborough Town Center. The area is surrounded by high-rise buildings, residential neighborhoods, offices, and retail spaces, ensuring excellent visibility and high foot traffic. The franchise provides consistent sales, is easy to manage with full support, and is perfect for owner-operators or first-time business buyers seeking a profitable and reputable brand opportunity. Unmatched location.Key Highlights: A favored destination for Mexican cuisine. Strong financial performance and growth potential. Fully equipped and operational with a loyal customer base. A fantastic opportunity for owner-operators or investors looking for a ready-to-run business.Significant potential to increase sales through catering, delivery services, and local partnerships. Franchise support and training are included to start strong with a recognized brand! This is a turnkey business with strong brand recognition and opportunities for expansion. Ideal for individuals passionate about food service and entrepreneurship.Base Rent: $7202.56/Month including TMI plus HST. Lease: Current long-term lease until 2034 with an option to renew. Royalty Fee: 8%.Advertising Fee: 2%. Store Area: 1566 Sq. Ft. Comprehensive training will be provided by the franchisor to the new buyer. Don't miss out on this opportunity!
Estimate your monthly payments for this property
Estimated Payment
$1,282.58/mo
Includes CMHC insurance ($6,975)
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 Scarborough Village / Eglinton East
Scarborough Village / Eglinton East 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 Scarborough Village / Eglinton East
- •Convenient location in Scarborough Village / Eglinton East
- •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
Scarborough Village / Eglinton East 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.
2575 Victoria Park Avenue, Scarborough Village / Eglinton East
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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 $160/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
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 Scarborough Village transactions.