1242 Yonge Street
Toronto C02, ON
- 1,700 sqft
- Commercial Retail
- 82 days on market
1242 Yonge Street, occupied by Waxon since 2012, is being offered for sale and presents an opportunity to acquire a well-located retail investment in the heart of Summerhill. The property is leased to a long-standing tenant that has recently executed a new long-term lease, providing stable and predictable income. Positioned on a prominent corner at Yonge Street and Walker Avenue, the property benefits from strong pedestrian traffic, direct access to Summerhill Subway Station, and close proximity to Yorkville, Rosedale, and the Yonge/Bloor corridor. The surrounding area is characterized by affluent residential neighbourhoods, established retail amenities, and ongoing residential intensification, supporting the long-term fundamentals of the location. Opportunities to acquire corner retail properties with newly renewed long-term tenancy along this stretch of Yonge Street are infrequent, making 1242 Yonge Street a noteworthy offering within one of Toronto's most established retail corridors.
Listing Details
- Taxes (2026)
- $15
- Listed
- June 15, 2026
Price History
Parking
- Garage
- None
Location & Legal
- Cross Street
- Yonge St & Summerhill Ave
- Zoning
- MCR T3.0 C3.0 R1.5
- Parcel Number
- 126810002
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Retail Store Related
Community
Postal area M4T
- Population
- 10,332
- Private dwellings
- 5,619
- Median age
- 46.8
- Average household size
- 2
- Median household income
- $114,000
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 C02 · last 12 months
- Median sold price
- $1,250,000
- Homes sold
- 726
- Median days on market
- 25
- Sale-to-list price
- 97.2%
Based on 726 recorded sales of commercial properties in Toronto C02 over the last 12 months.
Listed by
JONES LANG LASALLE REAL ESTATE SERVICES, INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,700 sq ft
- Price per sq ft
- $1,052.94
- Annual property tax
- $15
- Tax per sq ft
- $0.01
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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