1235 Bay Street, Toronto | Image 1

1235 Bay Street

Toronto, Annex

  • Commercial

$XX,XXX,XXX
For Sale

Added 1 week ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: CR 7.8 (c4.5; r7

  • Age: 51-99 years

  • Taxes: 730269.5

  • MLS®#: C11947133

  • Added: Jan 30, 2025 (1 week ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: CBRE LIMITED

Freestanding 10-storey boutique office tower situated at the corner of Bay and Cumberland in Canadas most prestigious mixed-use neighbourhood. Recent upgrades, LEED Gold certification, and efficient 9,250 sq. ft. floor plates appeal to a wide range of small to mid-size tenants seeking institutional space with direct TTC access. Current occupancy of 83% to 20 tenants enables leasing upside at rents that have consistently outperformed the market. The Bloor-Yorkville neighbourhood boasts the worlds most distinguished luxury lifestyle, F&B, and retail amenities. Unparalleled residential intensification with 9 active projects (+3,800 units) and 12 proposed projects (+6,000 units) in various stages of development at the highest price points in Toronto (+$2,400 PSF) will continue to augment the nodes international appeal.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Office

  • Age: 51-99

  • Area: Toronto

  • Community: Annex

  • Availability Date: TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Elec Forced Air

  • Elevator: Frt+Pub

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PCL 1-2 SEC A46; PT LT 1 PL 46 TORONTO; PT LT 2 PL 46 TORONTO; P

  • Taxes: $730,270

  • Taxes Type: Annual

Land

  • Cross Street: BAY ST AT CUMBERLAND

  • Municipality District: Toronto C02

  • Parcel Number: 211970011

  • Sewer: San+Storm

  • Zoning: CR 7.8 (c4.5; r7

Commercial Specific

  • Retail Area: 14395

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 97480

  • Total Area Metric: Sq Ft

  • Office Size: 83085

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Subways

  • Lot Code: Building

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