$695,000 - 259 Morningside Avenue, Rouge
Commercial for Sale in Rouge
Popular Listing- MLS Number
- E13250112
- Property Type
- Commercial
- Status
- active
- Days on Site
- 8
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Rouge / Port Union / Malvern
- Listing Brokerage
- KELLER WILLIAMS ADVANTAGE REALTY
Rare opportunity to acquire three operating and profitable franchise locations. This turnkey franchise includes established operations with trained staff, existing systems, delivery infrastructure, and a nationally recognized dessert brand with a rapidly growing presence across Canada and internationally.Profitable with strong operating margins ranging from approximately 14.5% to 16.9%. It is one of Canada's most recognized dessert concepts, known for its hot and fresh Greek-style loukoumades served fresh to order. The brand benefits from exceptional consumer recognition, strong delivery platform performance, viral social media appeal, and a broad demographic reach. The simple and scalable operational model requires minimal kitchen complexity, making staffing and training significantly easier compared to traditional food concepts while helping maintain strong margins and operational efficiency. Approximately 60% of revenue is generated through walk-in traffic and 40% through delivery platforms including Uber Eats and DoorDash, creating a balanced and diversified revenue structure. The business also offers substantial upside potential through catering, events, school and sports partnerships, loyalty programs, delivery optimization, local marketing initiatives, and extended operating hours. This is an exceptional opportunity for an owner-operator, hospitality group, franchisee, or investor seeking immediate cash flow with future growth potential under an established and highly recognizable national franchise brand. Buyer will acquire operational goodwill, equipment, systems, branding assets, and franchise locations . Additional financial information and supporting documentation available to buyers under NDA.
Estimate your monthly payments for this property
Estimated Payment
$3,565.71/mo
Includes CMHC insurance ($19,391)
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 Rouge / Port Union / Malvern
Rouge / Port Union / Malvern 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 Rouge / Port Union / Malvern
- •Convenient location in Rouge / Port Union / Malvern
- •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
Rouge / Port Union / Malvern 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.
259 Morningside Avenue, Rouge / Port Union / Malvern
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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 $463/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 8-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 Rouge transactions.