$50,000 - 90 Distillery Lane, Cabbagetown
Commercial for Sale in Cabbagetown
65 days on market- MLS Number
- C12988308
- Property Type
- Commercial
- Status
- active
- Days on Site
- 65
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 1,900 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Listing Brokerage
- RE/MAX WEST REALTY INC.
An exceptional opportunity awaits in Toronto's iconic Distillery District. A rare chance to own a turnkey hair salon business in one of the city's most visited and vibrant destinations. This well-established salon has been serving a loyal clientele for over a decade and is nestled in a beautifully restored space that seamlessly blends modern elegance with historic charm. With original exposed brick from the 1800s, custom-made furnishings, and thoughtful design throughout, the atmosphere is both warm and professional a space that immediately feels inviting to new clients and stylists alike. The salon is fully equipped and ready for immediate operation, featuring seven styling stations, four shampoo sinks, two private bathrooms (for staff and clients), a spacious kitchenette and color mixing area, private office, generous storge, a welcoming reception and lounge, and ample room to add a highly requested manicure/pedicure section. The entire team of experienced professionals is willing to stay on, and both current owners are open to renting chairs and offering full training to ensure a smooth, effortless transition. With exclusivity from the landlord as the only hair salon permitted in the entire Distillery District, this business is uniquely positioned for continued growth and long-term success. Located in a high-foot traffic area surrounded by boutiques, restaurants, art galleries, and upscale tourists year-round, the salon benefits from unmatched visibility and a long-term lease with a supportive landlord. The sale includes all furnishings, inventory, professional equipment, and a robust client database. Whether you're an investor or an industry professional looking to step into a thriving, beautifully run business, this is a truly rare and inspiring opportunity in one of Toronto's most treasured neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$256.53/mo
Includes CMHC insurance ($1,395)
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 Regent Park / Cabbagetown / St. James Town
Regent Park / Cabbagetown / St. James Town 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 Regent Park / Cabbagetown / St. James Town
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Regent Park / Cabbagetown / St. James Town 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.
90 Distillery Lane, Regent Park / Cabbagetown / St. James Town
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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 $26/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 65 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 Cabbagetown transactions.