1122 Castlefield Avenue
Toronto W04, ON
- 2,200 sqft
- Commercial Retail
- 151 days on market
Strategically located in Toronto's highly sought-after Castlefield Design & Décor District, this freestanding commercial asset presents a rare opportunity for both immediate income and significant future redevelopment upside. The property is situated within Prestige Employment (PE) zoning under Former City of York By-law 1-83, permitting a wide range of uses, while supporting intensification in line with employment corridor policies. The property has a proven planning history. A Committee of Adjustment approval authorized the construction of a two-storey addition over the existing structure, confirming the City's support for increased density and built form on this site. This precedent significantly strengthens the case for future vertical expansion or redevelopment. Surrounded by a rapidly evolving mixed-use employment node and benefitting from strong arterial exposure near Dufferin Street, the site offers long-term potential for: Vertical intensification (additional storeys, subject to approvals); Multi-tenant commercial conversion; Office/showroom repositioning; Assembly with neighbouring parcels for larger-scale redevelopment. The property is currently occupied by a tenant on a month-to-month basis, providing maximum flexibility for investors, end-users, or developers to reposition or redevelop in the near term. With ongoing transformation of the Castlefield corridor and increasing demand for creative office and design-oriented commercial space, this asset represents a compelling opportunity to capitalize on both income and future land value appreciation.
Listing Details
- Taxes (2025)
- $7,891
- Listed
- April 6, 2026
Price History
Property
- Lot Size
- 25.03 x 108.9 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Castlefield And Dufferin
- Zoning
- PE
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Tenant's furniture, deco and equipment.
- Rental Items
- None
Community
Postal area M6B
- Population
- 28,534
- Private dwellings
- 11,630
- Median age
- 42
- Average household size
- 2.6
- Median household income
- $86,000
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 W04 · last 12 months
- Median sold price
- $802,500
- Homes sold
- 587
- Median days on market
- 26
- Sale-to-list price
- 98.2%
Based on 587 recorded sales of commercial properties in Toronto W04 over the last 12 months.
Listed by
CAPITALPLUS GROUP REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,200 sq ft
- Price per sq ft
- $698.64
- Annual property tax
- $7,891
- Tax per sq ft
- $3.59
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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