Active

31 Elm St

Toronto Ontario, M5G 1H1

$7,750,000


Active

5 Baths

Commercial

Introducing an exceptional investment opportunity in downtown Toronto - a rare, fully renovated commercial/residential building just steps from Dundas Square, at Yonge and Dundas. Offering 8.33% Cap Rate with 6,400 square feet across 4 levels, this versatile space is suitable for a range of uses including restaurants, schools, hotels, and more. Featuring first-class renovations while preserving its heritage facade, the property offers CR zoning for flexibility. Amenities include 4 parking spaces at the rear, street parking in front, and proximity to major landmarks and transit hubs. Vacant and ready for quick occupancy, this property presents a prime investment in one of Canada's most vibrant districts. Main Floor and Basement (3,200 SF) are leased to a reputable brand-name food retail establishment for 10 years. Top 2 floors (3,200 SF) are available for multiple uses by the purchaser with existing newly built state-of-the-art office suites.

C8222992

MLS ID

April 11, 2024

Updated

Map

31 Elm St
Toronto Ontario, M5G 1H1

Interior Features

Total Bathrooms

5


Fireplace

No


Cooling

Yes


Cooling Description

Y


Heating

Yes


Heating Description

Gas Forced Air Open

Exterior/Building Features

Lot Size

0.05 Acres

Other Property Details

Area Name

Bay Street Corridor


Taxes

$23,254


Tax Frequency

Annually


Garage

No


Parking

None


Parking Total

4


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Zoning

CR ;CR6(c2;r6*2318), CR7.8(c2;r7.8*1822)

 

Courtesy of Listed by , DANMAR EMPIRE REAL ESTATE CORP.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 1:09 PM UTC, 4/11/2024