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How to Buy Commercial Property in Ontario.

A practical guide for buyers approaching the Ontario commercial property market — what to prepare, how to source opportunities, and what to expect through the acquisition process.

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Step 1: Define Your Criteria

Know what you're
buying before you look.

The most common error buyers make is entering the market with vague criteria. Before engaging a broker or reviewing listings, define your acquisition parameters precisely: asset type, size range, specific markets, maximum price, lease status preference (vacant, tenanted, sale-leaseback), and timeline. A sharp criteria set opens access to off-market opportunities that broadly defined buyers never see.

The Acquisition Process

From criteria
to keys.

01
Source Opportunities
Active listings, off-market through broker networks, direct outreach to owners. Register with Lucero Commercial Group's buyer registry for off-market access matched to your exact criteria.
02
Initial Assessment
Location, size, zoning, condition, lease status, environmental history, and a preliminary valuation against comparables. Decide quickly — the best Ontario commercial assets move fast.
03
Offer & Conditions
Agreement of Purchase and Sale with appropriate conditions: financing, environmental review, building inspection, lease review (if tenanted), and title. Condition periods are typically 20–30 business days.
04
Due Diligence
Phase I/II environmental, building condition report, survey review, title search, zoning compliance review, lease abstract (if applicable), and financial review. Use the condition period fully.
05
Financing
Commercial mortgages typically require 25–35% down. CMHC-insured financing is available for eligible properties. Work with a commercial mortgage broker early — lender approval timelines can be 30–45 days.
06
Close
Land Transfer Tax (Ontario) applies at closing. Budget for legal fees, title insurance, and LTT in your total acquisition cost. Key transfer and final walk-through on closing day.
$50M+
Transactions Closed
10+
Years Experience
2
Provinces Licensed
RECO · RECA
Dual-Province

Insights · Buy

Ready to
take action?

Speak directly with Lucero Commercial Group. All enquiries are treated as confidential.

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Ready to Act?

Looking to buy commercial property in Ontario? Submit your acquisition criteria.

Or call directly: +1 (647) 720-8998  ·  RECO Licensed Ontario · RECA Licensed Alberta

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