$1,500/mo - 600 996 Martin Grove Road Unit 406, Etobicoke
Commercial for Rent in Etobicoke
Popular Listing- MLS Number
- W13223900
- Property Type
- Commercial
- Status
- active
- Days on Site
- 14
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 660 sqft
- Neighbourhood
- Etobicoke (Kingsview Village / Humber Heights)
- Listing Brokerage
- THE CANADIAN HOME REALTY INC.
An exceptional opportunity awaits at Regal Plaza, a landmark commercial condominium development in a strategic West Toronto location. Unit 406 , a shell space, is now available for lease, offering a blank canvas for your business to thrive. This offering presents a unique opportunity for discerning businesses to customize a brand-new office space to your exact specifications with attractive landlord incentive at a significant discount. Key Leasing Highlights: * Initial Rent Discount: To facilitate a smooth start, a significant discount on the base rent is being offered for the first six months of the lease term. * Blank Canvas: The unit is a shell, allowing for complete customization of layout, finishes, and branding. * Immediate Availability: Start your planning and construction process without delay. * Size: Please confirm the exact square footage of the unit. * Condition: Shell unit with base building systems stubbed in, ready for your design and finishes. * Views: Situated on the 4th floor, offering potential for excellent natural light and views with large wall size premium windows. * Parking available at an extra cost. Building & Area Highlights: * Professional Environment: Next to Toronto Congress Center, Home to a vibrant mix of professional offices, medical and dental clinics, a pharmacy, and a food court, creating a dynamic business community. * Unmatched Accessibility: Strategically located with immediate access to major highways including the 401, 427, 409, and Highway 27. * Proximity to Pearson International Airport: Just minutes from Canada's largest airport, making it an ideal location for national and international business. * Public Transit: Well-serviced by TTC routes, providing easy access for employees commuting via public transportation.
Discover Etobicoke (Kingsview Village / Humber Heights)
Etobicoke (Kingsview Village / Humber Heights) 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 Etobicoke (Kingsview Village / Humber Heights)
- •Convenient location in Etobicoke (Kingsview Village / Humber Heights)
- •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
Etobicoke (Kingsview Village / Humber Heights) 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.
600 996 Martin Grove Road Unit 406, Etobicoke (Kingsview Village / Humber Heights)
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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 $2/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.
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 14-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 Etobicoke transactions.