Mike D'Amelio - Realtor

10/06/2022

09/01/2022

08/06/2022

If your business is looking for a new space or facing an upcoming renewal, contact our team for assistance. Our team will support your best interests. We can also assist with drawings (mechanical, electrical, structural, architectural etc.) building permits and construction. We service Southern and Central Ontario.

08/02/2022

Exceptional Industrial/Commercial unit available for lease. Well finished office space with large, open area warehouse space suitable for a variety of uses. Two loading docks including 1 drive-in. Fantastic Street Exposure and Signage Opportunity.

57 NEWKIRK Road, Richmond Hill, Ontario L4C3G4

06/14/2022

Commercial space for lease. Located In The Heart Of Central Newmarket With 250 Feet Of Frontage On Eagle Street. Ample parking. Historic Building. First hotel in Newmarket. C02 Zoning uses include Medical Practitioner and Office space. Only 1Km From Southlake Hospital. https://www.realtor.ca/real-estate/24537052/471-eagle-street-newmarket

06/13/2022

Commercial space available for rent in Pickering. Prime location. Two story building approximately 9368 sq ft. Highly visible area. Located on Brock Road, directly off the 401 for easy access. On major route and public transit. Great potential with a mix of open and closed space and high ceilings. Large windows. Two large overhead doors. Adequate parking. Existing female and male washrooms with showers. Space can be subdivided into two units.

02/28/2022

When looking for a commercial space to lease, a good strategy is looking for multiple locations that are suitable for your business. Once you narrow it down to 2 or 3 locations, that is when your agent should start your negotiations with the landlords. This gives you leverage to negotiate the best possible terms by presenting competitive rates. We provide comparative analysis that clearly shows the pros, cons and financials when comparing potential units.

02/24/2022

With reduced inventory, bidding wars seem like an inevitability. A bidding war can be avoided with quick action. Checking daily for houses that hit the market, booking a showing immediately and having a pre-prepared offer in hand. I had a client a few months ago who followed this process and they got the house for asking, avoided a bidding war and deterred four other viewings that were booked for later that day. Its not a perfect science but it can be an effective strategy.

02/07/2022

Legal Second Suites, Duplex's and Tri -Plex's
When reviewing a potential investment property, ensure that there are adequate windows. Windows are required in every bedroom, living room and dining room. When you are deciding how many units/bedrooms you might require to maximize on your investment –windows are one of the items to add to your check list. Another key note is the window sizes. Buildings 0-5 years old require 5% of the rooms square footage to be windows in the bedroom and 10% in the living room/dining room. With buildings over 5 years old you can reduce this amount by 50%.

02/02/2022

There are three different types of renewal options for commercial tenants. The first one is a rent to be negotiated. The second is a fair market rent, not less than the existing rent. The third is a fair market rent to be agreed by an arbitrator. The most favorable one for a landlord is a rent to be negotiated. All the landlord must do is set a price they want. If the tenant does not agree then the tenant no longer has the right to be in the space. The fairest for both sides because real estate is cyclical, is a fair market rent to be agreed by an arbitrator. This guarantees that whether the market is up or down, the tenants pay fair market rent. Landlords do not usually like to agree to this, which is why it is so important to have representation when negotiating a commercial lease. If you would like an expert lease review, reach out to me today.