REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,790,000
Est. payment /mo
New
508 Yonge ST Toronto C01, ON M4Y 1X9
2,254 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,254 sqft
Price per Sqft $1,237
Subdivision Bay Street Corridor
MLS Listing ID C12267438
Annual Tax Amount $49,465
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Institutionally owned and managed, three (3) storey retail and multi-residential asset, situated on a 1,927 sf parcel of land. The property features 15.6 feet of frontage along Yonge Street and offers direct access to higher order transit with the Wellesley TTC subway station a short walk away. This asset provides stable cash flow with immediate upside through lease-up of the vacant, 'turnkey' residential units, which have recently been renovated. Additionally, if there is interest in vacating the current commercial tenant, the retail lease contains a landlord-favorable termination option.
Location
Province ON
County Toronto
Community Bay Street Corridor
Area Toronto
Zoning CR 3.0
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 15.6
Lot Depth 126.5
Others
Security Features Yes
Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.