Unless you find a unicorn, what you will find that meets the requirements of a shop is industrial space. The thing that fulfills the industrial needs for owning space is an industrial condo. Basically an industrial multi unit building that has been condominiumized. They were never hugely popular and are a small part of the inventory. Industrial real estate has gone nuts here (I spent 15 years with the largest commercial broker in the country so through friends hear the news). Doesn't matter lease or own, prices of each are tied to the same fundamentals. I just heard of a 20,000 sq free stand building (huge for shop but small for industrial) in south Miss sell for $7MM for example, or a 100,000 foot lease was just done in Vaughan at $20/sf net. 20/sf used to be what office's leased for! Industrial rents have about tripled since Covid.
Anyway, that is the dynamic you are up against.
Even with unlimited funds, I would have great difficulty with it - traffic is so bad here, and you'd be having to drive to an industrial area, I'd never want to go. The shop has to be on the property so I can use it for 1/2 an hour without planning, traffic or driving.
imo, put the money into a bigger house with more garage, or get out of Dodge like Dan suggests and get a house with some land and a seperate big shop. The practicality of that inpart gets determined by where (if) you work. Out in the burbs might be doable, but a long commute is horrible.
Toronto used to be a great city, but unless you have to get D/T for work, its not the most compelling place to be period, let alone if you're wanting a big shop.
A sampling from a quick google search ... while not remotely hobby priced, you can get 1100 sf for $600,000 which is less than I would have guessed
![Eek! :eek: :eek:](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f631.png)
. Then again, after paying the condo fees you feel like you're still renting lol
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