Frank Gallo
Sales Representative
Homelife Classic Realty Inc., Brokerage, Brokerage
Independently owned and operated.
1600 Steeles Ave. W, Unit 36, Vaughan, Ontario L4K4M2
Cell: 416-433-5981Office: 647-479-8477Fax: 647-479-8457
$5,188,000
Available - For Sale
Listing ID: C13839784
587-589 College Street , Toronto, M6G 1B2, Toronto
| 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. |
| Price | $5,188,000 |
| Taxes: | $70808.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 587-589 College Street , Toronto, M6G 1B2, Toronto |
| Postal Code: | M6G 1B2 |
| Province/State: | Toronto |
| Directions/Cross Streets: | College St./Clinton St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 8677.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2365 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit Subways |
| Approximatly Age: | 100+ |
| Financial Statement: | T |
| Franchise: | F |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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Years
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| METROGLOBE REALTY BROKERAGE CORP. |
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Frank Gallo
Sales Representative
Dir:
416-433-5981
Bus:
647-479-8477
Fax:
647-479-8457
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | Trinity-Bellwoods |
| Approximate Age: | 100+ |
| Tax: | $70,808 |
| Fireplace: | N |
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