Added 1 week ago
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Type: Investment
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Property Type: Commercial
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Business Type: Professional Office
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Zoning: CR ;CR6(c2;r6*23
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Age: No Data
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Taxes: 23254
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MLS®#: C8222992
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Added: Apr 10, 2024 (1 week ago)
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Updated:
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Last Checked: 53 minutes ago
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Listed By: DANMAR EMPIRE REAL ESTATE CORP.
Introducing an exceptional investment opportunity in downtown Toronto - a rare, fully renovated commercial/residential building just steps from Dundas Square, at Yonge and Dundas. Offering 8.33% Cap Rate with 6,400 square feet across 4 levels, this versatile space is suitable for a range of uses including restaurants, schools, hotels, and more. Featuring first-class renovations while preserving its heritage facade, the property offers CR zoning for flexibility. Amenities include 4 parking spaces at the rear, street parking in front, and proximity to major landmarks and transit hubs. Vacant and ready for quick occupancy, this property presents a prime investment in one of Canada's most vibrant districts. Main Floor and Basement (3,200 SF) are leased to a reputable brand-name food retail establishment for 10 years. Top 2 floors (3,200 SF) are available for multiple uses by the purchaser with existing newly built state-of-the-art office suites.
Property
Status: Sale
Type: Professional Office
Property Type: Investment
Property Type: Office
Area: Toronto
Community: Bay Street Corridor
Availability Date: TBD/Flexible
Inside
Bathrooms: 5
Air Conditioning: Y
Washrooms: 5
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Elevator: None
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 4
Fees
Tax Year: 2023
Tax Legal Description: Plan D36 Pt Lots 11 & 12
Taxes: $23,254
Taxes Type: Annual
Land
Cross Street: Yonge/Dundas
Municipality District: Toronto C01
Lot Depth: 104 Feet
Lot Frontage: 22.5 Feet
Zoning: CR ;CR6(c2;r6*23
Additional Media
- Virtual Tour: https://unbranded.mediatours.ca/property/31-elm-street-toronto/
Commercial Specific
Retail Area: 3200
Retail Area Metric: Sq Ft
Total Area: 6400
Total Area Metric: Sq Ft
Office Size: 3200
Office Size Metric: Sq Ft
Area Influence: Public Transit
Area Influence: Subways
Lot Code: Lot
Msgr Fraser College (OL Lourdes Campus)
Elementary: CatholicCollège français élémentaire
Elementary: PublicSt Michael's Choir (Jr) School
Elementary: CatholicÉcole élémentaire Gabrielle-Roy
Elementary: PublicOrde Street Public School
Elementary: PublicChurch Street Junior Public School
Elementary: PublicNative Learning Centre
Secondary: PublicSt Michael's Choir (Sr) School
Secondary: CatholicContact Alternative School
Secondary: PublicCollège français secondaire
Secondary: PublicJarvis Collegiate Institute
Secondary: PublicSt Joseph's College School
Secondary: Catholic
- — bath
- — bed
467 Queen Street West, Toronto, Ontario • M5V 2A9 • Waterfront Communities C01
