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Beneficial Building 421 Dundas St W 5,554 SF of Office/Retail Space Available in Toronto, ON M5T 1G6
Highlights
- Space could be used as retail, office, night club.
- Currently in operation as a karaoke lounge.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 5,554 SF | Negotiable | $35.00 CAD/SF/YR $2.92 CAD/SF/MO $194,390 CAD/YR $16,199 CAD/MO | Modified Gross |
2nd Floor
Prime Chinatown location at one of the city's busiest intersections, delivering unmatched exposure and constant foot traffic. This rare offering includes over 5,000 sq ft of turnkey space on the second floor, currently operating as a karaoke lounge. Flexible layout supports a wide range of uses including nightclub, lounge, retail, and more. A standout opportunity to secure your spot in one of Toronto's most dynamic and high-traffic destinations.
- Listed rate may not include certain utilities, building services and property expenses
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 Beneficial Building
- Tenant
- Description
- CAN Locations
- Reach
- Blue Sky Health Centre
- Tanning Salon
- 1
- -
- Bo Hung Yuen Chinese Herbs
- -
- 1
- -
- Champions Off Track Wagering
- Arts, Entertainment, and Recreation
- 1
- -
- Dim Sum King
- Restaurant
- 1
- Local
- Happy Lamb Hot Pot
- Restaurant
- 11
- National
| Tenant | Description | CAN Locations | Reach |
| Blue Sky Health Centre | Tanning Salon | 1 | - |
| Bo Hung Yuen Chinese Herbs | - | 1 | - |
| Champions Off Track Wagering | Arts, Entertainment, and Recreation | 1 | - |
| Dim Sum King | Restaurant | 1 | Local |
| Happy Lamb Hot Pot | Restaurant | 11 | National |
Property Facts
| Total Space Available | 5,554 SF | Gross Leasable Area | 30,000 SF |
| Property Type | Retail | Year Built | 1976 |
| Property Subtype | Freestanding | Parking Ratio | 0.1/1,000 SF |
| Total Space Available | 5,554 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 30,000 SF |
| Year Built | 1976 |
| Parking Ratio | 0.1/1,000 SF |
Features and Amenities
- Pylon Sign
Nearby Major Retailers
Presented by
Ferrow Real Estate Inc.
Beneficial Building | 421 Dundas St W
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