577 Yonge Street
Toronto C08, ON
- 21,746 sqft
- Commercial Retail
- 9 days on market
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.
Listing Details
- Taxes (2026)
- $204,831
- Listed
- September 11, 2026
Price History
Property
- Lot Size
- 44 x 127 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Yonge Street & Wellesley Street
- Zoning
- CR 3.0
- Parcel Number
- 211060121
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 12661 Sq Ft
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 C08 · last 12 months
- Median sold price
- $588,000
- Homes sold
- 1,636
- Median days on market
- 28
- Sale-to-list price
- 97.3%
Based on 1,636 recorded sales of commercial properties in Toronto C08 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
- 21,746 sq ft
- Price per sq ft
- $823.14
- Annual property tax
- $204,831
- Tax per sq ft
- $9.42
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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