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5587 Yonge St 750 SF of Retail Space Available in Toronto, ON M2N 5S4
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 750 SF | Negotiable | $32.00 CAD/SF/YR $2.67 CAD/SF/MO $24,000 CAD/YR $2,000 CAD/MO | Triple Net (NNN) |
2nd Floor
This second-floor retail space at 5587 Yonge Street offers an adaptable environment within Toronto’s vibrant Willowdale neighborhood. Located just south of Finch Avenue, the property benefits from high pedestrian activity and proximity to numerous dining, retail, and service destinations along the Yonge Street corridor. The space, previously a tattoo studio, is undergoing build-out removal and will be delivered as a vanilla shell or customized to tenant specifications, ensuring flexibility for a wide range of retail or service concepts. Tenants will enjoy strong street visibility via building signage as well as immediate access to public transit, including the Yonge–Finch subway station, which is steps away. The surrounding trade area features significant residential density, professional offices, and hospitality amenities that keep the area active throughout the day and evening. This central North York location also provides excellent connectivity to major arterial roads and Highways 401 and 407, appealing to businesses seeking convenience and accessibility for staff and customers alike.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
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.
Property Facts
| Total Space Available | 750 SF | Gross Leasable Area | 6,290 SF |
| Property Type | Retail | Year Built | 1963 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 750 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 6,290 SF |
| Year Built | 1963 |
About the Property
The property at 5587 Yonge Street is a retail building located in Willowdale East, North York, Toronto. It is near Finch Avenue and Yonge Street intersection and positioned in a dense urban trade area with high pedestrian volumes. The building was constructed in 1963 and provides multiple retail configurations. Features include proximity to public transportation and a signalized intersection.
- Bus Line
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
Nick Ginis
5587 Yonge St
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