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Renanza Realty
For sale

587-589 COLLEGE STREET

Toronto (Trinity-Bellwoods), Ontario

MLS® C13839784

$5,188,000

Status
Active
Property type
Retail
MLS® number
C13839784
Bedrooms
—
Bathrooms
—
Year built
—

Listing description

Rare opportunity to acquire two abutting mixed-use buildings at 587 and 589 College Street, in the heart of Little Italy on one of Toronto's most historic, proven and established streets. Steps from Clinton Street, this stretch of College has drawn diners, residents and visitors for generations, delivering the consistent foot traffic that keeps quality tenants in place. 587 College offers approx.

7,011 sq ft over three levels, and 589 College offers approx. 1,666 sq ft over two levels. Both main floors are anchored by established dining tenants.

587 is home to Dish Cooking Studio, a long-standing Toronto cooking school, cafe and event venue, with significant capital improvements on the main floor and a fully equipped commercial kitchen, no expense spared. 589 is home to Tav's Resto Bar, a rustic Italian pizzeria and gnocchi bar from the Taverniti Group. The second floor of 587 (approx.

2,365 sq ft) is brand new, fully permitted and finished to a premium standard. Configured as student accommodation, it offers five bedrooms (from 9'10" x 15'7" to 10'5" x 18'8"), a kitchen with centre island, dining room, living room fronting College Street, two bathrooms with showers and three additional washrooms. Currently vacant, the space offers real flexibility: lease it to students for immediate income, or occupy it as professional offices for an architecture, law, accounting, design or marketing firm while the ground-floor tenants carry the building.

A true investor or owner-occupier opportunity, with the 506 streetcar at the door and minutes to the University of Toronto, Kensington Market and downtown.

Property summary

MLS® number
C13839784
Property type
Retail
Building type
Residential Commercial Mix
Size
8,677 sq ft
Land size
37.62 x 132.46 FT ; Frontage Combined
Annual property taxes
$70,808.00
Days on market
14 days

Features & details

Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Lot features
Irregular lot size

What would this home cost you?

Based on the $5,188,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$24,139 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of METROGLOBE REALTY BROKERAGE CORP., Concord.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.