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285 College St 1,850 SF of Retail Space Available in Toronto, ON M5T 1S2
Highlights
- Prominent corner location at College Street and Spadina Avenue.
- Excellent visibility along two heavily traveled city streets.
- Situated within one of Toronto's busiest pedestrian corridors.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,850 SF | 5-10 Years | $38.27 CAD/SF/YR $3.19 CAD/SF/MO $70,800 CAD/YR $5,900 CAD/MO | Modified Gross |
1st Floor
Prime retail space which is currently a restaurant use and can be converted back to retail or medical uses. Located at the high-traffic intersection of College St. and Spadina Ave. Ideally situated just steps from the U of T, OCAD University, the Art Gallery of Ontario (AGO), Kensington Market, T&T Supermarket, Chinatown, and many other popular destinations. Excellent exposure with strong pedestrian traffic. The unit includes a full basement, ideal for storage or food preparation, as well as washroom facilities. Tax & Insurance $1,600.00 per month and Tenant to pay 65% of gas, 50% water, own hydro, Fire alarm, Pest control, and city waste disposal bins.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Current Restaurant Layout
- Full Basement Storage
- Retail Or Medical Flexibility
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 285 College St, Toronto, ON M5T 1S2
- Tenant
- Description
- CAN Locations
- Reach
- Dennis Cheung
- -
- 1
- -
| Tenant | Description | CAN Locations | Reach |
| Dennis Cheung | - | 1 | - |
Property Facts
| Total Space Available | 1,850 SF | Gross Leasable Area | 1,850 SF |
| Property Type | Retail | Year Built | 1884 |
| Property Subtype | Storefront Retail/Residential | Parking Ratio | 10/1,000 SF |
| Total Space Available | 1,850 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,850 SF |
| Year Built | 1884 |
| Parking Ratio | 10/1,000 SF |
About the Property
Positioned at the highly visible intersection of College Street and Spadina Avenue, this mixed-use commercial property offers a prominent presence within one of Toronto's most active urban corridors. Surrounded by a diverse mix of retail, dining, cultural, educational, and residential destinations, the property benefits from consistent pedestrian activity throughout the day and evening. The location is within walking distance of the University of Toronto, OCAD University, the Art Gallery of Ontario, Kensington Market, Chinatown, T&T Supermarket, and numerous neighborhood amenities that contribute to a dynamic commercial environment. Excellent street frontage and exposure along two well-traveled thoroughfares enhance visibility for businesses seeking a central downtown Toronto location. The property's positioning within a dense and established district provides convenient access to public transit, a large consumer base, and a broad workforce population, supporting a variety of commercial, retail, service, and professional uses.
Nearby Major Retailers
Contact
-
Chris Cheung -
Winners Realty Inc.
Presented by
285 College St
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