1
$9,480,000
111 Wellington Street W Floor 1-5, Toronto, ON M5J 2S7
Waterfront Communities · C01
26,363 sf
8 months on marketMLS® C12861744
Listing courtesy of AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
For saleMLS® C12820438
112 & 114 Sherbourne Street, Toronto, ON M5A 2R2
Waterfront Communities · C01 · M5A 2R2
$8,500,000
$2,169 / sq ft8 months on market
- Total area
- 3,918.06 sf
- Lot
- 39.64 × 98.62 ft
What's special
- Outside/surface garage
- Yes
About this property
Prime downtown Toronto commercial building located on high-traffic Sherbourne Street. Excellent exposure with strong pedestrian and vehicular traffic. Ideal opportunity for investors or end-users. Surrounded by residential condos, retail, and mixed-use developments. Steps to TTC, Dundas & Queen East corridor. Flexible zoning allows for a variety of permitted uses (buyer to verify). Rare opportunity to own in a rapidly evolving neighbourhood with strong future growth potential. Price reflects air rights for future build up potential. Potential annual rent $480k .
Property details
Property
- Property type
- retail
- Interior size
- 3,918.06 sq ft
- Lot size
- 39.64 × 98.62 ft
- Zoning
- CRE*41)
- Possession
- Flexible
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Garage
- Outside/Surface
Costs
- List price
- $8,500,000
- Property taxes
- $55,000 / year (2025)
- Price per sq ft
- $2,169
Listing
- MLS® number
- C12820438
- Status
- For sale
- Listed
- February 25, 2026
- Days on market
- 252
- Last updated
- October 9, 2026
- Listing brokerage
- Canadian Living Realty Inc.
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 89% of comparable retail listings in Waterfront Communities are asking less.
$42KMedian $2.10M$6.34M
- This home
- $2,169 / sq ft
- Comparable median
- $903 / sq ft
Based on 18 comparable active retail listings in Waterfront Communities. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $1,700,000
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $37,598.37
- Property tax (est.)
- $4,583.33
- Estimated monthly
- $42,182
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $198,975
- Toronto municipal
- $333,975
- Total due on closing
- $532,950
An estimate on the asking price of $8,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Canadian Living Realty Inc.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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