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For saleMLS® C13425132

40 Fort York Boulevard G05, Toronto, ON M5V 3Z3

Waterfront Communities · C01 · M5V 3Z3

$1,498,900

$865 / sq ft

4 months on market

Bathrooms
3
Total area
1,733 sf
0
Age
6-15 years

What's special

  • Underground parking
  • Yes

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About this property

Rare live/work commercial condominium in the heart of CityPlace offering approximately 1,733 sqft over two levels with direct street exposure on Fort York Boulevard. Permitted work use with existing hair salon operation, ideal for owner-users, investors, beauty or service based businesses. This unique space features soaring 10.5 ft ceilings on the main level, 9 ft ceilings on the second floor, abundant natural light with southern exposure through the floor to ceiling windows, contemporary finishes, three washrooms and a private patio. Currently home to Evolve Hair Studio, an established and highly regarded business operating since 2012, the property benefits from strong brand recognition, a loyal clientele and an exceptional online reputation with over 600 4.7 star Google reviews. Street level visibility, constant pedestrian traffic and a dense surrounding residential population create outstanding exposure and long-term growth potential. The offering includes one underground parking space and provides flexibility for to take over a turnkey operation or expand locations. This is an opportunity to acquire both premium real estate and a successful operating business in one of downtown Toronto's most dynamic neighbourhoods.

Property details

Property

Property type
business
Bathrooms
3
Interior size
1,733 sq ft
Year built
6-15
Zoning
BL1994
Possession
TBD

Interior

Heating
Electric Forced Air
Cooling
Yes

Exterior & services

Garage
Underground

Costs

List price
$1,498,900
Property taxes
$11,086 / year (2025)
Price per sq ft
$865

Listing

MLS® number
C13425132
Status
For sale
Listed
June 10, 2026
Days on market
148
Last updated
September 22, 2026
Listing brokerage
REVEL REALTY INC.

Price & sale history

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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 100% of comparable business for sale listings in Waterfront Communities are asking less.

$71KMedian $150K$440K
This home
$865 / sq ft
Comparable median
$161 / sq ft

Based on 27 comparable active business for sale listings in Waterfront Communities. These are asking prices, not sale prices.

Mortgage estimate

Down payment8.3% · minimum $124,890
$124,890
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,597.14
Property tax (est.)
$923.83
Estimated monthly
$8,521

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
$26,453
Toronto municipal
$26,453
Total due on closing
$52,906

An estimate on the asking price of $1,498,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of REVEL 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.

$1,498,900

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