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    For Sale - 587-589 College Street, Toronto, Ontario

    Est payment $24,912/mo
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    Views   1
    Time on Jump  19 day

    AI Summary *

    • Two mixed-use buildings in a historic area with consistent foot traffic.
    • Established dining tenants on main floors ensuring stable income.
    • Vacant, newly finished second floor offers flexible usage options.
    • Close to major transit, universities, and vibrant neighborhoods.
    • Great investment or owner-occupier potential in a sought-after location.




    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.
    Listing IDC13839784
    Address587-589 College Street
    CityToronto, Ontario
    Price$5,188,000
    StyleStore W Apt/Office
    Land Size4390.89
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Public Transit, SubwaysBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Brokerage: METROGLOBE REALTY BROKERAGE CORP.

    * Data is provided courtesy of PROPTX. 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. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    587-589 College Street
    Toronto , Ontario
    $5,188,000
    Get more info