MLS: C12906962 Date listed: 2026-03-21
514 Yonge St Toronto - Bay Street Corridor
Commercial/Retail Extended
Listed for $ 50

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- BEDS
2 BATH
1245 SQ. FT.
0 GARAGE
See apartment on the map
- BEDS
2 BATH
1245 SQ. FT.
0 GARAGE

Description

Listed by GITALIS REAL ESTATE INC.

Prime Yonge Street retail opportunity at 514 Yonge Street, ideally located just one block south of Wellesley Station in the heart of downtown Toronto. This high-visibility storefront offers excellent exposure along one of the city's busiest pedestrian and transit corridors, surrounded by established retailers, restaurants, residential towers, offices and ongoing intensification. Previously operated as an Asian-inspired tea house, the space offers a distinctive interior with character and provides an excellent foundation for a variety of retail, café, food, beverage, wellness or service-oriented concepts. The premises feature a functional main-floor layout with direct Yonge Street frontage and signage opportunities, plus a usable basement providing valuable additional space for storage, preparation, staff areas or other ancillary uses. Exceptional accessibility with Wellesley Subway Station approximately one block north and the Yonge/Bloor and College Street neighborhoods within easy walking distance. Strong daytime, evening and weekend pedestrian traffic generated by the surrounding residential population, businesses, Toronto Metropolitan University, nearby institutions and destination retail. An excellent opportunity for an operator seeking a recognizable Yonge Street address, strong street presence, transit access and additional lower-level space in one of downtown Toronto's most active mixed-use neighborhoods.

Key Facts:

Tax: $32 / 2026
Property Type: Commercial/Retail
Sq. ft. size 1245 sq. ft.
Basement: Y
Possession: 2026-05-01
Listing #: C12906962
Days on Site: 229 days
Status Change: 79 days ago
Added to CiRealty: 2026-03-21
Updated on: 2026-08-16
Market Demand:
Buyer’s Market
Balanced
Seller’s Market
Property Details
Property details for 514 Yonge St, Toronto. Listed for $50 on 2026-03-21
Property
Property Type: Commercial/Retail
Style: Retail
Community: Bay Street Corridor
Municipality: Toronto C01
Inside
Bathrooms: 2
Utilities
Water: Municipal
Cooling: Y
Heating Type: Gas Forced Air Open
Building
Size: 1245 sq. ft.
Parking
Garage Type: None
Land
Cross Street: Yonge St & Grosvenor St.
Property
Property Type: Commercial/Retail
Style: Retail
Community: Bay Street Corridor
Municipality: Toronto C01
Building
Size: 1245 sq. ft.
Parking
Garage Type: None
Inside
Bathrooms: 2
Land
Cross Street: Yonge St & Grosvenor St.
Utilities
Water: Municipal
Cooling: Y
Heating Type: Gas Forced Air Open
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