$99,000 - 764 St Clair Avenue, Forest Hill
Commercial for Sale in Forest Hill
48 days on market- MLS Number
- C13068226
- Property Type
- Commercial
- Status
- active
- Days on Site
- 48
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 950 sqft
- Neighbourhood
- Forest Hill / Deer Park
- Listing Brokerage
- RE/MAX SUCCESS REALTY
Cash Flowing & Money Making Cannabis Dispensary Business For Sale! Check Out Our Professional Website helloedition.com. $35,000 to $42,000 in Sales per Month with Tons of Potential to Increase & Grow Sales! Just for You, Approximately $25-30,000 of Inventory Will be Included with the Sale! Edition X Was One of the First Dispensaries to Open & Has Won Awards & Has Been Highlighted in Many Articles! The Entire Business is For Sale, Including the Corporation, Licenses, Equipment, Lease Take Over, Inventory & Stock, All Furniture & Renovations, All Signs & More! Extra Low Monthly Rent & Very Healthy Gross Margin & Profit! Huge Amount of Inventory Included with the Sale! Located in a Very Heavy Traffic Area Beside St Clair TTC Route, Between Dufferin St. & Bathurst St. This is NOT a Franchise, Only 1 Location, Enjoy Having No Franchise Fees & Be Your Own Boss. Diversified Ordering Including Deliveries & Website Orders - Turnkey System! You Will Pay Off the Business Cost in Less Than a Year. Over $300,000 Was Spent to Renovate the Place & Get this Business Up & Running - and Now For Sale at a Fraction of the Price - Totally Turn-Key For You! Operating for 6 Years Come June, Great Client, Customer Base & Loyalty Members. Online Ordering & Deliveries Have Been Mastered & Also Tons of Potential to Grow. Take Over This Business with 100% Equity Ownership, No Loans! Approximately 950 sqft of Finished Commercial Space + an Unfinished Basement for Your Storage Needs & a Bathroom for Employees. 2 Parking Spots with This Unit Including in the Attached Garage + Driveway Area + More Spaces at the Back. If You Have Dreamed to Own a Neighborhood Oriented Stand-Alone Cannabis Dispensary Where You Can Apply Your Touch and Make Your Business Unique with High Quality Products & Service Compared to the Large Chains, then This For You! Owner Will Provide Training & All the In's & Out's! Open Friday & Saturday 10am-10pm, Sunday 10am-7pm, Monday-Thursday 10am-9pm.
Estimate your monthly payments for this property
Estimated Payment
$507.92/mo
Includes CMHC insurance ($2,762)
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 Forest Hill / Deer Park
Forest Hill / Deer Park 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 Forest Hill / Deer Park
- •Convenient location in Forest Hill / Deer Park
- •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
Forest Hill / Deer Park 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.
764 St Clair Avenue, Forest Hill / Deer Park
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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 $104/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.
Extended Exposure — Negotiating Room
At 48 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
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 Forest Hill transactions.