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2579 Yonge St 1,979 SF of Retail Space Available in Toronto, ON M4P 2J1
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,979 SF | Negotiable | $68.00 CAD/SF/YR $5.67 CAD/SF/MO $134,572 CAD/YR $11,214 CAD/MO | Triple Net (NNN) |
1st Floor
Situated within the prestigious Yonge Street corridor in Toronto, this 1,979 SF retail premises offers exceptional prominence in the dynamic Yonge and Eglinton district. Conveniently located a mere 10-minute walk from the Eglinton TTC station and the forthcoming LRT, the property benefits from superior transit connectivity and a robust residential market, drawing discerning clientele from established neighborhoods such as Lytton Park and Lawrence Park. The offering includes an additional 996 SF lower level, thoughtfully designed with dedicated storage and restroom facilities. Surrounded by distinguished retailers including Lululemon, Club Monaco, and Starbucks, this property presents a rare opportunity to secure a presence in one of Toronto’s most desirable live-work-play communities, currently experiencing significant growth and revitalization.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
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 2579 YONGE ST, TORONTO, ON M4P 2J1
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Want Apothecary
- Health Care and Social Assistance
- 1
- -
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Want Apothecary | Health Care and Social Assistance | 1 | - |
PROPERTY FACTS
| Total Space Available | 1,979 SF | Gross Leasable Area | 6,378 SF |
| Property Type | Retail | Year Built | 1954 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 1,979 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,378 SF |
| Year Built | 1954 |
FEATURES AND AMENITIES
- Bus Line
NEARBY MAJOR RETAILERS
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2579 Yonge St
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