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640 Yonge Street

640 Yonge Street

Toronto C01, ON

968 sqft • Commercial Retail • 83 days on market

$2,500,000Price reduced 12%

Rare opportunity to acquire a mixed-use building on Yonge Street near Wellesley. The property features a ground-floor retail unit with excellent street exposure and two self-contained residential apartments, including one 1-bedroom and one 3-bedroom unit.Located in a high-demand downtown Toronto neighbourhood with strong pedestrian traffic, transit access, and excellent rental appeal. An ideal income-producing asset for investors or owner-operators.

Listing Details

Taxes (2025)
$31,627
Originally Listed
$2,850,000
Listed
June 5, 2026

Price History

Listing history

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Property

Lot Size
12.5 x 78 Feet

Location & Legal

Cross Street
Yonge St. & Wellesley Ave
Zoning
Commercial Retail
Parcel Number
211090091
Possession
Immediate

Commercial

Occupancy
Owner

Community

Postal area M4Y

Population
36,319
Private dwellings
26,472
Median age
33.2
Average household size
1.5
Median household income
$62,400

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Toronto C01 · last 12 months

Median sold price
$665,000
Homes sold
3,100
Median days on market
26
Sale-to-list price
97.6%

Based on 3,100 recorded sales of commercial properties in Toronto C01 over the last 12 months.

Listed by

RIGHT AT HOME REALTY

Location

Commercial figures

Building area
968 sq ft
Price per sq ft
$2,582.64
Annual property tax
$31,627
Tax per sq ft
$32.67

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

Reita | Assistant

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Reita said:

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