Toronto & the GTA
Commercial property for sale in Toronto.
Buying or selling multifamily, industrial, retail, office or development land across the Greater Toronto Area. Listed and off-market inventory, underwriting you can actually read, and one broker on the file from first call to closing.
Buying commercial property
Buy on the numbers, not the pitch.
The GTA is the deepest commercial market in Canada, and the best assets rarely sit on a public listing site for long. Buyers win here by being ready: financing arranged, a defined buy box, and the discipline to underwrite before making an offer.
01
Define the buy box
Asset class, price range, target return, leverage, hold period and tolerance for management. Written down before we look at a single building, so we can say no quickly.
02
Search on and off market
Listed inventory across the GTA plus direct outreach to owners who have not brought their asset to market. Most of the good multifamily and industrial in Toronto trades quietly.
03
Underwrite before you fall in love
Rent roll, expense audit, comparable sales, replacement cost and a stress test at higher rates. You get the model, not just a summary.
04
Offer, condition period, close
Structuring price and conditions to protect you, coordinating environmental, building condition and financing due diligence, and holding the timeline together through to closing.
Selling commercial property
Sell to the buyer who pays the most.
01
Valuation grounded in comparables
A price opinion built from actual GTA trades and current income, not a flattering number designed to win a listing and then chip away at your expectations for six months.
02
Position the asset properly
Clean financials, a defensible pro-forma, professional photography and a package that answers the questions buyers and their lenders will ask before they ask them.
03
Reach real buyers
Targeted exposure to private capital, funds and owner-occupiers active in your asset class and submarket, plus listing distribution where it genuinely matters, quietly if confidentiality is required.
04
Negotiate and close
Competing offers where possible, deposits and conditions structured to reduce retrade risk, and one broker managing the file through to closing.
Property types
What trades in the GTA.
Multifamily buildings
Walk-ups, mid-rise rental buildings and purpose-built portfolios. Underwriting starts at the rent roll: market-rent gaps, vacancy decontrol, capital reserves, CMHC-insured financing assumptions and the realistic exit cap rate.
Industrial & warehouse
Warehousing, distribution, flex and small-bay units across Toronto, Peel, York and Durham. Clear height, shipping doors, truck-court depth, power supply and employment-zoning permissions are screened before price is ever discussed.
Retail & plazas
Main-street buildings, strip plazas and single-tenant retail. Value sits in tenant covenant, lease maturity ladder, recovery structure and the redevelopment potential of the land underneath.
Office & medical
Boutique office floors, professional and medical suites, and mixed-use buildings with commercial at grade. Vacancy risk, capital-expenditure backlog and conversion potential drive the number.
Development land
Infill sites, assemblies and land with existing income. Official plan and zoning permissions, servicing, density potential, Section 37 and development-charge exposure reviewed before an offer goes in.
Mixed-use & investment portfolios
Multi-asset and multi-city portfolios where the strategy is as important as any single building, sequencing dispositions, refinancing rather than selling, or trading up through a 1031-style rollover of proceeds.
Coverage
Where I transact.
- Downtown Toronto
- North York
- Scarborough
- Etobicoke
- East York
- Mississauga
- Brampton
- Vaughan
- Markham
- Richmond Hill
- Pickering
- Ajax
- Whitby
- Oshawa
- Oakville
- Burlington
- Milton
- Newmarket
Questions
Buying & selling, answered.
+How much does commercial property cost in Toronto?
Pricing is driven by income, not square footage alone. Across the GTA, small-bay industrial and main-street retail typically trade at capitalization rates in the mid-4% to 6% range, multifamily somewhat tighter, and secondary-market office wider. A building generating $250,000 of net operating income at a 5.5% cap rate is worth roughly $4.5 million, which is why the accuracy of the income statement matters far more than the asking price.
+How do I buy commercial property in Toronto?
Set your buy box and financing first, then search both listed and off-market inventory, underwrite the income and the capital plan, submit a conditional offer, and use the condition period for environmental, building condition, financing and lease review. Commercial lenders typically want 25% to 35% down and will underwrite the property's cash flow as much as your personal covenant.
+What is a good cap rate for Toronto commercial real estate?
A good cap rate is one that fairly reflects risk. Well-located multifamily and modern industrial command the lowest cap rates because their income is the most secure; single-tenant retail with a short lease or older suburban office should trade wider. Comparing a cap rate to the current cost of debt tells you whether the deal is positively or negatively leveraged from day one.
+How long does it take to sell a commercial building in the GTA?
Prepared, correctly priced assets usually see offers within four to eight weeks, with a thirty- to sixty-day condition period and closing thirty days after that, so about four to six months end to end. Complex assemblies, environmental issues or partial vacancies extend that timeline.
+Do you sell off-market and confidentially?
Yes. Where tenants, staff or lenders should not know an asset is being offered, the property is presented quietly to a screened buyer list under confidentiality, without a public listing or a sign on the building.
+Do you work with first-time commercial buyers?
Frequently, including investors moving from residential rentals into their first apartment building or small industrial unit. Expect a longer conversation about financing, management and reserves before we start touring anything.
Selling the company that occupies the building too? See businesses for sale in Toronto and selling your business.
Let's talk about your next deal
Tell me what you are buying, selling or leasing. You will get real comparables, a defensible value range and a clear next step, at no cost and with nothing owed either way.
Get in touch
Tell me what you're buying or selling.
Send the address, the asset class or the buy box. You'll get a straight read on value and marketability, no obligation.
Meshesha Robel
Real Estate Broker
Sutton Group - Admiral Realty Inc., Brokerage