508 Yonge Street, Toronto | Image 1

508 Yonge Street

Toronto, Bay Street Corridor

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Hospitality/Food Related

  • Zoning: CR 3.0

  • Age: No Data

  • Taxes: 52958.36

  • MLS®#: C9758918

  • Days on Site: 5 Days

  • Added: Oct 24, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: JONES LANG LASALLE REAL ESTATE SERVICES, INC.

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.

Extras

Buyers to confirm all information independently.

Property

  • Status: Sale

  • Type: Hospitality/Food Related

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Toronto

  • Community: Bay Street Corridor

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Lane

Fees

  • Tax Year: 2024

  • Taxes: $52,958

  • Taxes Type: Annual

Land

  • Cross Street: Yonge Street & Welle

  • Municipality District: Toronto C01

  • Lot Depth: 126.5 Feet

  • Lot Frontage: 15.6 Feet

  • Zoning: CR 3.0

Commercial Specific

  • Retail Area: 948

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 2254

  • Total Area Metric: Sq Ft

  • Office Size: 1306

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Subways

  • Lot Code: Lot

  • Financial Statement: Y

Map of 508 Yonge Street, Toronto
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