587-589 College Street, Toronto, ON M6G 1B2

About this property

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 main-floor capital improvements 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 and finished to a premium standard, with its own private street entrance at 587A, central air and skylights. The layout suits a professional office: four private offices off a central hallway, a bright front room on College Street for a boardroom or reception, a rear room for the principal's office, a full kitchen with centre island and dining area, two bathrooms with showers and three additional washrooms. Currently vacant and offered for lease to a single office tenant, adding a stable commercial income stream beneath an established ground floor. Ideal for an architecture, law, accounting, design or marketing firm, or an owner-occupier, etc., who wants to run the business upstairs while the restaurant 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 facts & features

Property type

Store W Apt/Office

MLS® number

C13839784

Source status

Price Change

Bedrooms

Not provided

Bathrooms

Not provided

Reported interior area

8677

Neighbourhood

Not provided

Postal code

M6G 1B2

Garage

None

Lot depth (source units)

132.46

Annual property tax

70808

Basement

Not provided

Laundry

Not provided

Interior features

Not provided

Exterior features

Not provided

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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