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31 Elm St 6,400 SF 100% Leased Retail Building Toronto, ON M5G 1H2 $6,999,000 CAD ($1,093.59 CAD/SF) 3.43% Cap Rate
Investment Highlights
- Downtown Gem: Nestled mere steps from the pulsating heart of Toronto at Yonge and Dundas Square.
- Lucrative Leasing Meets Opulent Office Suites: Secure a stream of robust income with existing reputable tenants occupying the Main Floor.
- Architectural Marvel with Versatile Grandeur: Spanning an impressive 6,400 square feet over four levels, and flexible CR zoning.
Executive Summary
Exceptional investment opportunity in the heart of downtown Toronto! This rare, fully renovated, freestanding 3-storey building is situated steps from Yonge and Dundas Square, offering unparalleled proximity to major landmarks such as SickKids Hospital, City Hall, and the bustling Yonge-Dundas entertainment district. Featuring 6,400 square feet across four levels, this versatile property is zoned CR for commercial, retail, and residential uses, making it ideal for restaurants, schools, medical offices, or mixed-use operations. The main floor and basement are leased to a reputable tenant, while the top two floors, totaling 3,200 square feet, are vacant and ready for immediate use with newly built office suites. Highlights include first-class renovations, heritage facade with original stained-glass windows, 4 parking spaces, high ceilings, and skylights on the upper floor. exceptional location, this property is a rare find in Toronto's most dynamic district.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,400 SF
Building Class
B
Year Built
1875
Price
$6,999,000 CAD
Price Per SF
$1,093.59 CAD
Cap Rate
3.43%
NOI
$240,400 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
2.94
Lot Size
0.05 AC
Zoning
CR - CR 7.8 (c2.0; r7.8) SS1 (x1822)
Bylaw Chapter 40 Commercial Residential
Parking
4 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
18’ on Elm St
Amenities
- Metro/Subway
- Signage
- Skylights
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Flipper's Toronto
- Accommodation and Food Services
- -
- -
- -
- Lucullus Bakery
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Flipper's Toronto | Accommodation and Food Services | - | - | - | ||
| Lucullus Bakery | Manufacturing | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Nearby Major Retailers
1 of 40
Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
Presented by
Sotheby's International Realty Canada
31 Elm St
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