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2472 Yonge St 3,598 - 7,895 SF of Retail Space Available in Toronto, ON M4P 2H5
Highlights
- Heavy daytime traffic
- Open plan with mezzanine, liquor license, restaurant infrastructure in place
- Lots of natural light
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Lower Level | 4,297 SF | - | Negotiable | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $85,940 CAD/YR $7,162 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 1 | 3,598 SF | 7’ - 14’ | Negotiable | $55.00 CAD/SF/YR $4.58 CAD/SF/MO $197,890 CAD/YR $16,491 CAD/MO | Triple Net (NNN) |
Lower Level
I’m pleased to introduce a prime commercial leasing opportunity at 2472 Yonge Street, ideally located just north of Eglinton Avenue in Toronto’s vibrant Yonge & Eglinton corridor. Formerly occupied by a large restaurant with patio potential, the space is currently being demised into three right-sized units. The property benefits from excellent Yonge Street exposure, strong signage potential, and consistent pedestrian traffic, surrounded by a dynamic mix of retail, restaurant, and professional tenants. Availability Summary: - Unit 1 – Leased - Unit 2 – 2,418 SF ground floor retail + 1,180 SF mezzanine (previous restaurant space with liquor license) - Basement – 4,297 SF (previous wedding hall with kitchen) The space is well suited for a variety of uses including retail, service, medical, showroom, or office. Located steps from transit and major neighbourhood amenities, it offers exceptional accessibility in one of Midtown Toronto’s most established commercial nodes. Please feel free to reach out for further details or to arrange a private viewing.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Drinking Establishment
- Basement
1st Floor, Ste 1
I’m pleased to introduce a prime commercial leasing opportunity at 2472 Yonge Street, ideally located just north of Eglinton Avenue in Toronto’s vibrant Yonge & Eglinton corridor. Formerly occupied by a large restaurant with patio potential, the space is currently being demised into three right-sized units. The property benefits from excellent Yonge Street exposure, strong signage potential, and consistent pedestrian traffic, surrounded by a dynamic mix of retail, restaurant, and professional tenants. Availability Summary: - Unit 1 – Leased - Unit 2 – 2,418 SF ground floor retail + 1,180 SF mezzanine (previous restaurant space with liquor license) - Basement – 4,297 SF (previous wedding hall with kitchen) The space is well suited for a variety of uses including retail, service, medical, showroom, or office. Located steps from transit and major neighbourhood amenities, it offers exceptional accessibility in one of Midtown Toronto’s most established commercial nodes. Please feel free to reach out for further details or to arrange a private viewing.
- Lease rate does not include utilities, property expenses or building services
- High Ceilings
- Finished Ceilings: 7’ - 14’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 2472 Yonge St, Toronto, ON M4P 2H5
- Tenant
- Description
- CAN Locations
- Reach
- CIBO
- Arts, Entertainment, and Recreation
- 2
- Local
| Tenant | Description | CAN Locations | Reach |
| CIBO | Arts, Entertainment, and Recreation | 2 | Local |
Property Facts
| Total Space Available | 7,895 SF | Gross Leasable Area | 10,910 SF |
| Property Type | Retail | Year Built | 1928 |
| Property Subtype | Restaurant |
| Total Space Available | 7,895 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,910 SF |
| Year Built | 1928 |
About the Property
Wide Frontage, Former CIBO Restaurant Space
Nearby Major Retailers
Presented by
Area Realty
2472 Yonge St
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