$2,100/mo - 86 Elm Grove Avenue, High Park
Commercial for Rent in High Park
New — Listed 3 days ago- MLS Number
- W13423260
- Property Type
- Commercial
- Status
- active
- Days on Site
- 3
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 510 sqft
- Neighbourhood
- High Park / Junction / Roncesvalles
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Position your business in one of Toronto's most vibrant and creative neighbourhoods. Located in the heart of Parkdale, 86 Elm Grove Avenue offers 904 sq. ft. of total usable commercial space, with 511 sq. ft. on the main level and 393 sq. ft. below grade. It is a smart mix of client-facing space and practical support area, ideal for service-based, wellness, creative, and entrepreneurial uses. Currently operating as a boxing and fitness studio, the main floor features an open-concept layout with polished concrete floors, exposed ductwork, industrial-style ceilings, upgraded lighting, and a functional service bar with a double sink. The space has a clean, flexible feel and can easily be adapted for fitness, yoga, pilates, wellness and therapy services, massage therapy, hair salon, photo/video production, art studios, creative offices, boutique retail, professional services, content creation, and other permitted commercial uses. The lower level adds valuable flexibility with a kitchenette, two full washrooms, each with a shower, and support space for staff use, client overflow, storage, treatment-related support, prep space, or general operations. Surrounded by Parkdale's mix of independent businesses, cafés, restaurants, galleries, studios, and creative entrepreneurs, this location offers strong neighbourhood appeal with easy access to Queen Street West and public transit. The property benefits from local activity, accessibility, and neighbourhood character, which continue to attract interesting businesses and professionals.A rare opportunity to secure a character-filled commercial space with a practical layout, useful lower-level support space, and real flexibility in a sought-after west-end neighbourhood. Total Area: 904 SF Main Level: 511 SF Below Grade: 393 SF TMI: Approximately $440/month Heat: Approximately $120-$150/month Electricity: Approximately $100-$120/month TMI and utilities are the responsibility of the tenant Parking: None
Discover High Park / Junction / Roncesvalles
High Park / Junction / Roncesvalles 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 High Park / Junction / Roncesvalles
- •Convenient location in High Park / Junction / Roncesvalles
- •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
High Park / Junction / Roncesvalles 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.
86 Elm Grove Avenue, High Park / Junction / Roncesvalles
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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 $4/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 High Park transactions.