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Est. payment /mo
New
577 Yonge ST Toronto C08, ON M4Y 1Z2
21,746 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 21,746 sqft
Municipality Toronto C08
Subdivision Church-Yonge Corridor
MLS Listing ID C13794786
Annual Tax Amount $204,831
Tax Year 2026
Property Sub-Type Commercial Retail
Property Description
Rare opportunity to acquire a 100% freehold interest in a recently retrofitted, mixed-use commercial building at one of Downtown Toronto's most recognized addresses. Situated on Yonge Street at the intensifying Yonge & Wellesley intersection, the Property offers 21,746 SF of gross leasable area across 9,085 SF of retail and 12,661 SF of office space on a 5,533 SF site with 44 feet of frontage. The Property is 100% occupied by four complementary tenants operating across the hospitality, entertainment, and technology sectors, generating stable, diversified income with a weighted average lease term of 6.0 years. The tenant mix provides durable cash flow while minimizing concentration risk. The Site controls a compelling future mixed-use development opportunity ranging between 214,000 to 553,000 square feet of potential density based on various assembly scenarios.
Location
Province ON
County Toronto
Community Toronto C08
Area Toronto
Zoning CR 3.0
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 44.0
Lot Depth 127.0
Others
Security Features Yes
ParcelsYN No
Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.