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Ontario Power Building 700 University Ave 25,885 - 268,885 SF of 4-Star Space Available in Toronto, ON M5G 1Z5
Highlights
- The building provides 24-hour manned security, 7 days per week.
- Emergency power is provided by 2 x 450 kW gas-fired generator sets, exclusively servicing life safety equipment.
- Key tenant amenities include 51,514 SF of retail space and pedestrian access to nearby hospitals and government buildings.
- An underground walkway exists between 700 University and Princess Margaret Hospital.
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
Suite 500 offers a fully built out, full floor opportunity on efficient floor plate with Queen's Park views. Available August 1, 2026.
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
- New Elevator Lobby
- Mostly Open Floor Plan Layout
- Queen's Park Views
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Materials Handling Capabilities
- Dedicated lab exhaust air heat recovery units
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
- Dedicated UPS system, delivering 5 Watts/SF
- Zero carbon performance certification.
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 5th Floor, Ste 500 | 56,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 2026-08-01 |
| 21st Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
| 22nd Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
| 23rd Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
| 24th Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
5th Floor, Ste 500
| Size |
| 56,000 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 2026-08-01 |
21st Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
22nd Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
23rd Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
24th Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
Lower Concourse: Contiguous and divisible space. Ideal for office, retail or special uses. Features slab on grade with great floor loading capacity, above average ceiling heights and shipping access. Available immediately.
- Special Use Opportunity
- Shipping Access
- Available Immediately
- Above Average Ceiling Heights
Suite 500 offers a fully built out, full floor opportunity on efficient floor plate with Queen's Park views. Available August 1, 2026.
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
- New Elevator Lobby
- Mostly Open Floor Plan Layout
- Queen's Park Views
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Materials Handling Capabilities
- Dedicated lab exhaust air heat recovery units
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
- Dedicated UPS system, delivering 5 Watts/SF
- Zero carbon performance certification.
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Space is in Excellent Condition
- Finished Ceilings: 8’ - 15’
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| Ground | 25,885 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | - | 30 Days |
| 5th Floor, Ste 500 | 56,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 2026-08-01 |
| 21st Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
| 22nd Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
| 23rd Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
| 24th Floor, Ste Exploration Labs | 35,000-46,750 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | Full Build-Out | 60 Days |
Ground
| Size |
| 25,885 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| 30 Days |
5th Floor, Ste 500
| Size |
| 56,000 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 2026-08-01 |
21st Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
22nd Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
23rd Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
24th Floor, Ste Exploration Labs
| Size |
| 35,000-46,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
Ground
| Size | 25,885 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Condition | - |
| Available | 30 Days |
Lower Concourse: Contiguous and divisible space. Ideal for office, retail or special uses. Features slab on grade with great floor loading capacity, above average ceiling heights and shipping access. Available immediately.
- Special Use Opportunity
- Available Immediately
- Shipping Access
- Above Average Ceiling Heights
5th Floor, Ste 500
| Size | 56,000 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 2026-08-01 |
Suite 500 offers a fully built out, full floor opportunity on efficient floor plate with Queen's Park views. Available August 1, 2026.
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Space is in Excellent Condition
- Queen's Park Views
- New Elevator Lobby
21st Floor, Ste Exploration Labs
| Size | 35,000-46,750 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Finished Ceilings: 8’ - 15’
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
- Materials Handling Capabilities
- Dedicated UPS system, delivering 5 Watts/SF
- Dedicated lab exhaust air heat recovery units
- Zero carbon performance certification.
22nd Floor, Ste Exploration Labs
| Size | 35,000-46,750 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Finished Ceilings: 8’ - 15’
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
23rd Floor, Ste Exploration Labs
| Size | 35,000-46,750 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Finished Ceilings: 8’ - 15’
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
24th Floor, Ste Exploration Labs
| Size | 35,000-46,750 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 60 Days |
700 University Avenue is set to elevate the Discovery District skyline to new heights. The prominent curved glass façade of this landmark building is welcoming four new floors of high-performance life sciences space. This exclusive offering's distinct architectural design and state-of-the-art building technology is poised to redefine the standard for research space in Toronto and beyond.
- Fully Built-Out as Research and Development Space
- Finished Ceilings: 8’ - 15’
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 187,000 SF of adjacent space
Property Overview
700 University Avenue is located in the heart of Toronto’s Discovery District, home to Canada’s largest and most advanced medical facilities and research institutions including: Princess Margaret Hospital, Toronto General Hospital, Toronto Rehabilitation Institute, MaRS, and numerous other medical and related service providers. The building is a short walk to multiple public transit options, and has a direct connection to the TTC Queen’s Park subway station that connects to the Yonge-University-Spadina line. Tenants and visitors also benefit from the onsite dining, service, and retail amenities on the concourse level, as well as the many urban conveniences in the vicinity.
- Banking
- Bus Line
- Controlled Access
- Concierge
- Conferencing Facility
- Convenience Store
- Courtyard
- Day Care
- Food Court
- Food Service
- Metro/Subway
- Restaurant
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Basement
- High Ceilings
- Outdoor Seating
- Air Conditioning
- On-Site Security Staff
Property Facts
Select Tenants
- Floor
- Tenant Name
- Industry
- 11th
- Belairdirect
- Finance and Insurance
- GRND
- BMO Bank of Montreal
- Finance and Insurance
- Multiple
- Intact
- Finance and Insurance
- Multiple
- OPG
- Utilities
- Multiple
- Sinai Health
- Health Care and Social Assistance
- GRND
- Swiss Chalet
- Accommodation and Food Services
- Multiple
- The Princess Margaret Cancer Foundation
- Professional, Scientific, and Technical Services
- BSMT
- Tim Hortons
- Accommodation and Food Services
- BSMT
- University Eye Clinic
- Health Care and Social Assistance
- 10th
- University of Toronto
- Educational Services
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Ontario Power Building | 700 University Ave
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