$99,800 - 439A Yonge Street, Downtown Toronto
Commercial for Sale in Downtown Toronto
New — Listed 4 days ago- MLS Number
- C13242474
- Property Type
- Commercial
- Status
- active
- Days on Site
- 4
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,053 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Located in one of the most sought-after locations right on Yonge Street, just rightbesideCollege Subway exit, with an excellent 30 Ft. Storefront & Signage Exposure. The shopissurrounded by a bustling community of high-rise condos, offices, Ryerson University,andshopping centers. Situated in a prime location with very high foot traffic, this shopoffersthe perfect opportunity to tap into a steady flow of potential customers.This modernbubble tea shop/cafe is a turnkey business opportunity. The shop boasts a stylish,contemporaryinterior with vibrant decor and a cozy, inviting atmosphere that attracts a widerange ofcustomers. The shop is fully equipped with everything needed to run a successfulbusiness, andan optimized layout, this bubble tea shop is ready for immediate operation. Italso provides theflexibility to be transformed into a cafe, dessert establishment, QSR, orother type of retail.This business offers incredible potential.Flexible Use: Currently a bubble tea shop, but thespace may available for conversion into acafe, dessert bar, or other quick-servicerestaurant-related concepts.Prime Location: In an extremely high foot-traffic area, ensuringconstant customer flow fromnearby residents, office workers, tourist, and passersby.ModernDesign: Stylish and clean interior, ready to be customized for your vision.Turnkey Opportunity:Fully equipped with the necessary appliances and fixtures to continueoperating immediately ortransition into a new business model.Great Visibility: Situated in a well-populated area,surrounded by retail businesses,residential buildings, Hotel, and offices.Whether youTMre aseasoned entrepreneur or new to the industry, this space provides a fantasticopportunity tostep into a thriving market with minimal effort. Take advantage of this amazingchance to own amodern, successful business today!
Estimate your monthly payments for this property
Estimated Payment
$512.03/mo
Includes CMHC insurance ($2,784)
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.
439A Yonge Street, 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 $95/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 Downtown Toronto transactions.