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$ 13,890,000
Est. payment /mo
Active
5171 YONGE STREET Toronto (willowdale East), ON M2N5P5
5,521 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,521 sqft
Price per Sqft $2,515
Subdivision Willowdale East
MLS® Listing ID C12373526
Source Toronto Regional Real Estate Board
Property Description
A rare opportunity to acquire a fully tenanted commercial office and retail building on a high-profile site along Yonge Street, in the heart of North York Centre. The property is identified under the revised North York Centre Secondary Plan as eligible for development of up to 65 storeys, making it one of the few remaining sites in the area suitable for significant high-density, mixed-use redevelopment. Located steps from North York Centre Subway Station, North York Civic Centre, and the Toronto Central Library, the site offers seamless integration into Toronto's public transit network. It is also within minutes of Highway 401, facilitating access for both regional and citywide commuters. The area functions as Toronto's largest employment node outside the downtown core, supporting both commercial and residential intensification. The property at 5169 & 5171 Yonge St. is situated within a section of Yonge Street already surrounded by high-rise residential buildings, Class-A office towers, and major retail developments, making it an ideal candidate for additional density in line with the City of Toronto's growth and intensification objectives. The existing structure is fully leased to a mix of long-standing commercial and professional tenants, providing reliable holding income during the planning and development process. The property includes 11 on-site parking spaces, with ample public and street parking available in the immediate vicinity. Most comparable sites in the area have already been developed, making this property one of the last large-scale parcels along this stretch of Yonge Street, offering a unique opportunity for long-term strategic development. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 11
Private Pool No
Listed by CENTURY 21 HERITAGE GROUP LTD.
