508 Yonge ST Active

Toronto C01,ON M4Y 1X9

$ 3050000

- Bed

- Bath

2254 SqFt


Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,254 sqft

Price per Sqft $1,353

MLS Listing ID C9758918

Annual Tax Amount $52,958

Tax Year 2024

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

State ON

County Toronto

Community Bay Street Corridor

Area Toronto

Zoning CR 3.0

Region Bay Street Corridor

City Region Bay Street Corridor

Interior

Cooling Yes

Exterior

Community Features Public Transit,Subways

Utilities Available Yes

Others

Security Features Yes

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