$100,000 - 90 Winges Road Unit 24, Vaughan
Commercial for Sale in Vaughan
31 days on market- MLS Number
- N13118832
- Property Type
- Commercial
- Status
- active
- Days on Site
- 31
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- 1,695 sqft
- Neighbourhood
- Vaughan
- Listing Brokerage
- RE/MAX WEST REALTY INC.
Exceptional opportunity to own a fully established Hair & Beauty Salon in the heart of Vaughanat Hwy 7 & Weston Rd, one of the area's busiest and most sought-after commercial corridors.This thriving business benefits from strong foot traffic, excellent visibility, and a loyal, long-standing clientele, making it ideal for both experienced operators and entrepreneursentering the beauty industry. Step into a beautifully renovated and modern space designed for both comfort and efficiency.The salon features a welcoming reception area, 6 professional hair styling chairs, 2 hairwashing stations, and a dedicated manicure & pedicure station. In addition, there are 4private aesthetician rooms, perfect for offering services such as facials, lashes, laser,skincare, or other beauty treatments- creating multiple revenue streams under one roof. The layout also includes one bathroom, a spacious kitchenette, and abundant storage space,plus the added convenience of a rear garage door for easy inventory deliveries and restocking. A fantastic lease is already in place with a 5 year extension remaining and the option toextend further, offering long-term stability. With low rent of only $3,700/month includingTMI, this business presents an outstanding value in a high-demand market.Perfect opportunity to take over a profitable salon, expand services, or bring your own brandto an established location.
Estimate your monthly payments for this property
Estimated Payment
$513.05/mo
Includes CMHC insurance ($2,790)
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 Vaughan
Vaughan 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 Vaughan
- •Convenient location in Vaughan
- •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
Vaughan 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 Winges Road Unit 24, Vaughan
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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 $59/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 31-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 Vaughan transactions.