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Ontario Power Building 700 University Ave 28,000 SF of 4-Star Office Space Available in Toronto, ON M5G 1Z5

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Sublease Highlights

  • The property's ideal location in the Discovery Districts places tenants among some of the largest and most advanced medical and research institutions
  • Connected to Queen’s Park Station and just steps from the College Streetcar, the property offers seamless access to Toronto’s core transit network.
  • Onsite dining, service, and retail amenities are available on the concourse level.
  • Property features include daycare, fitness, on-site bike racks and more for tenants convenience.

All Available Space(1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 2nd Floor, Ste 200 South Half
  • 28,000 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now

Positioned in the heart of Toronto’s Discovery District, 700 University Avenue offers a rare half-floor sublease opportunity in one of the city’s most connected and amenity-rich office towers. Suite 200, available November 1, 2025, is a fully built-out and furnished space with sweeping views of Queen’s Park and direct access to the TTC Queen’s Park subway station. The building’s large center-core floor plates and continuous perimeter glazing provide abundant natural light and efficient layouts ideal for collaborative or private office configurations.

  • Sublease space available from current tenant
  • Mostly Open Floor Plan Layout
  • Fully built-out and furnished.
  • New elevator lobby
  • Fully Built-Out as Standard Office
  • Fits 70 - 224 People
  • Queen's Park views
Space Size Term Rental Rate Space Use Condition Available
2nd Floor, Ste 200 South Half 28,000 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now

2nd Floor, Ste 200 South Half

Size
28,000 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor, Ste 200 South Half

Size 28,000 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

Positioned in the heart of Toronto’s Discovery District, 700 University Avenue offers a rare half-floor sublease opportunity in one of the city’s most connected and amenity-rich office towers. Suite 200, available November 1, 2025, is a fully built-out and furnished space with sweeping views of Queen’s Park and direct access to the TTC Queen’s Park subway station. The building’s large center-core floor plates and continuous perimeter glazing provide abundant natural light and efficient layouts ideal for collaborative or private office configurations.

  • Sublease space available from current tenant
  • Fully Built-Out as Standard Office
  • Mostly Open Floor Plan Layout
  • Fits 70 - 224 People
  • Fully built-out and furnished.
  • Queen's Park views
  • New elevator lobby

Property Overview

700 University 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

Building Type
Office
Year Built/Renovated
1975/2000
LoopNet Rating
4 Star
Building Height
24 Stories
Building Size
1,221,500 SF
Building Class
A
Typical Floor Size
51,083 SF
Unfinished Ceiling Height
11’
Parking
Surface Parking
Covered Parking

Select Tenants

  • Floor
  • Tenant Name
  • Industry
  • Multiple
  • Belairdirect
  • Finance and Insurance
  • GRND
  • BMO Bank of Montreal
  • Finance and Insurance
  • Multiple
  • Intact
  • Finance and Insurance
  • 18th
  • OPG
  • Utilities
  • GRND
  • Shoppers Drug Mart
  • Retailer
  • Multiple
  • Sinai Health
  • Health Care and Social Assistance
  • Multiple
  • The Princess Margaret Cancer Foundation
  • Professional, Scientific, and Technical Services
  • GRND
  • The Studio for Aesthetic Dentistry
  • Health Care and Social Assistance
  • BSMT
  • University Eye Clinic
  • Health Care and Social Assistance
  • Multiple
  • University of Toronto
  • Educational Services
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38321994

  • Date on Market: 2025-11-04

  • Last Updated:

  • Address: 700 University Ave, Toronto, ON M5G 1Z5

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