$6,399,000 - 837 Dundas Street, Downtown Toronto
Commercial for Sale in Downtown Toronto
New — Listed 3 days ago- MLS Number
- C13451308
- Property Type
- Commercial
- Status
- active
- Days on Site
- 3
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 10,800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Lot Size
- 4,058 sqft
- Listing Brokerage
- STREETCITY REALTY INC.
Rare opportunity to acquire a corner lot, mixed-use commercial/res property in the heart of Trinity Bellwoods, with 2 parking spots. Meticulously maintained by a very attentive landlord. Location: Steps from Trinity Bellwoods Park and Toronto Western Hospital and easy access to the university of Toronto. The area is surrounded by excellent restaurants and amenities, making it highly desirable for both residential and commercial tenants. Income potential: this property can achieve a cap rate of 5% and is capable of being cash flow positive with a market-rent commercial tenant @ $45 per sqft. Commercial space: The main floor offers ~3,500 sqft of clear-span space with an interior that is currently divided into modern office units. Vacant possession, or new tenancy, is possible. Residential units: The upper floor features three very large residential apartments with 10 ft ceilings and extra storage lockers for each unit. Two x 2 bed units: Modern up to date finishes. One x bed unit: Vacant and ready for a new tenant, or an owner/occupier. Each unit has an additional storage locker. Basement: The finished basement is maybe one of the cleanest basements in this area and offers high ceilings, polished floors, and a separate entrance, making this suitable for a third tenant or as an extension of the main floor commercial space. Detailed expenses and a professionally prepared planning report indicating future potential are available upon request.
Estimate your monthly payments for this property
Estimated Payment
$28,304.94/mo
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.
837 Dundas 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 $593/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.
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.