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489 King St E

2,881 SF Vacant Retail Building Toronto, ON M5A 1L9 $1,999,900 CAD ($694 CAD/SF) 5.40% Cap Rate

Mixed Use Properties Ontario Toronto 489 King St E, Toronto, ON M5A 1L9

Executive Summary

Step into a slice of Victorian charm with this stunning rowhouse boasting four floors of character and functionality. Hardwood flooring graces each level, accentuating the vintage fireplace that adds warmth and elegance to the space. Nestled at the rear is a private lot offering coveted parking space for two vehicles. On the second floor, a full kitchen awaits, ready to accommodate culinary endeavors or cater to the needs of a bustling workplace. Skylights grace the top floor, flooding the space with natural light and enhancing the ambiance. With three washrooms distributed throughout, The property offers ample room for creativity, featuring 2344 square feet of space, with an additional 537 square feet in the finished basement. This layout provides flexibility for up to 8-10 workspaces, Experience the perfect blend of historic charm and contemporary convenience in this meticulously maintained Victorian rowhouse.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,881 SF
Building Class
C
Year Built
1925
Price
$1,999,900 CAD
Price Per SF
$694 CAD
Cap Rate
5.40%
NOI
$108,000 CAD
Percent Leased
Vacant
Building Height
3 Stories
Building FAR
2.20
Lot Size
0.03 AC
Frontage
18 ft on King St

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,220 SF
  • Office/Retail
  • -
  • 30 Days

Victorian Charm Meets Modern Functionality at this premium King St address. This fully renovated, two-level commercial space offers over 1,200 sq. ft., perfect for retail, showroom, or office use. The main floor boasts a washroom, separate front and rear entrances, and sleek, professional finishes. The lower level features a powder room and abundant storage. Parking at the rear adds convenience. Located between Gusto 501 and Terroni Sud Forno, this turnkey space is ideal for AAA tenants seeking high visibility and character. Rent is $4,900 monthly.

Space Size Space Use Position Available
1st Floor 1,220 SF Office/Retail - 30 Days

1st Floor

Size
1,220 SF
Space Use
Office/Retail
Position
-
Available
30 Days

1st Floor

Size 1,220 SF
Space Use Office/Retail
Position -
Available 30 Days

Victorian Charm Meets Modern Functionality at this premium King St address. This fully renovated, two-level commercial space offers over 1,200 sq. ft., perfect for retail, showroom, or office use. The main floor boasts a washroom, separate front and rear entrances, and sleek, professional finishes. The lower level features a powder room and abundant storage. Parking at the rear adds convenience. Located between Gusto 501 and Terroni Sud Forno, this turnkey space is ideal for AAA tenants seeking high visibility and character. Rent is $4,900 monthly.

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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (93)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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Walk Score® measures the walkability
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measures access to public transit. Bike Score®
measures bikeability of a location.®
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Nearby Major Retailers

YMCA
SoulCycle
CrossFit
Extreme Pita
Big Smoke Burger
Tim Hortons
9round Fitness
Starbucks
Scotiabank
CIBC
(416) 391-3232

Contact

  • Listing ID: 31608405

  • Date on Market: 2024-04-25

  • Last Updated:

  • Address: 489 King St E, Toronto, ON M5A 1L9

The Retail Property at 489 King St E, Toronto, ON M5A 1L9 is currently available for sale. Contact Right At Home Realty - Toronto for more information.

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489 King St E
(416) 391-3232 x

489 King St E

Mark Dodaro

(416) 391-3232

(416) 391-3232

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