Momofthree, I am considering doing the same, but within the next couple of years. Google it. I too live in Toronto, and was able to come up with a great deal of information from just googling. I believe you apply for the license before you have someone look at the space, but with your proposal for license, you have to have dimensions, zoning clearance etc. Looks like it might be a little tricky, but I think any new business venture would be.
Also wanted to let you know (without endorsement, I do not know the person or have any affiliation) that on Kijiji at the moment under child care for the city of Toronto, someone is asking to have her lease taken over for an already functional east end daycare centre. The lease has a renewal option as well. This might be a good fit for you, as it already has contents etc.
Good luck!

































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