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For saleMLS® C13247254

640 Yonge Street, Toronto, ON M4Y 1Z8

Bay Street Corridor · C01 · M4Y 1Z8

$2,500,000

$2,581 / sq ft

5 months on market

Total area
968.75 sf
Lot
12.5 × 78 ft

What's special

  • Street garage
  • Yes

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About this property

Rare opportunity to acquire a mixed-use building on Yonge Street near Wellesley. The property features a ground-floor retail unit with excellent street exposure and two self-contained residential apartments, including one 1-bedroom and one 3-bedroom unit.Located in a high-demand downtown Toronto neighbourhood with strong pedestrian traffic, transit access, and excellent rental appeal. An ideal income-producing asset for investors or owner-operators.

Property details

Property

Property type
retail
Interior size
968.75 sq ft
Lot size
12.5 × 78 ft
Zoning
Commercial Retail
Possession
Immediate

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Street

Costs

List price
$2,500,000
Property taxes
$31,627 / year (2025)
Price per sq ft
$2,581

Listing

MLS® number
C13247254
Status
For sale
Listed
June 5, 2026
Days on market
153
Last updated
August 25, 2026
Listing brokerage
RIGHT AT HOME REALTY

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 in line with comparable listings — about 73% of comparable retail listings in Bay Street Corridor are asking less.

$69KMedian $99K$6.30M
This home
$2,581 / sq ft
Comparable median
$398 / sq ft

Based on 11 comparable active retail listings in Bay Street Corridor. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $500,000
$500,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$11,058.34
Property tax (est.)
$2,635.58
Estimated monthly
$13,694

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
$48,975
Toronto municipal
$48,975
Total due on closing
$97,950

An estimate on the asking price of $2,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RIGHT AT HOME REALTY. 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.

$2,500,000

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