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For leaseMLS® C12906962

514 Yonge Street, Toronto, ON M4Y 1X9

Bay Street Corridor · C01 · M4Y 1X9

$50.00 PSF/yr

7 months on market

Bathrooms
2
Total area
1,245 sf
0

What's special

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About this property

Prime Yonge Street retail opportunity at 514 Yonge Street, ideally located just one block south of Wellesley Station in the heart of downtown Toronto. This high-visibility storefront offers excellent exposure along one of the city's busiest pedestrian and transit corridors, surrounded by established retailers, restaurants, residential towers, offices and ongoing intensification. Previously operated as an Asian-inspired tea house, the space offers a distinctive interior with character and provides an excellent foundation for a variety of retail, café, food, beverage, wellness or service-oriented concepts. The premises feature a functional main-floor layout with direct Yonge Street frontage and signage opportunities, plus a usable basement providing valuable additional space for storage, preparation, staff areas or other ancillary uses. Exceptional accessibility with Wellesley Subway Station approximately one block north and the Yonge/Bloor and College Street neighborhoods within easy walking distance. Strong daytime, evening and weekend pedestrian traffic generated by the surrounding residential population, businesses, Toronto Metropolitan University, nearby institutions and destination retail. An excellent opportunity for an operator seeking a recognizable Yonge Street address, strong street presence, transit access and additional lower-level space in one of downtown Toronto's most active mixed-use neighborhoods.

Property details

Property

Property type
retail
Bathrooms
2
Interior size
1,245 sq ft
Zoning
Commercial
Possession
Flexible

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Costs

List price
$50
Property taxes
$32 / year (2026)

Listing

MLS® number
C12906962
Status
For lease
Listed
March 21, 2026
Days on market
228
Last updated
August 16, 2026
Listing brokerage
GITALIS REAL ESTATE INC.

Price & sale history

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Listing courtesy of GITALIS REAL ESTATE 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.

$50.00 PSF/yr

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Listing courtesy of JONES LANG LASALLE REAL ESTATE SERVICES, INC.