$ 3,050,000
508 Yonge ST Toronto C01, ON M4Y 1X9
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$ 3,050,000
Est. payment | /mo
2,254 SqFt
$ 3,050,000
Est. payment | /mo
2,254 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
Province ON
County Toronto
Zoning CR 3.0
Interior
Cooling Yes
Exterior
Community Features Public Transit, Subways
Utilities Available Yes
Parking Type Lane
Others
Security Features Yes
Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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