587-589, College, Trinity-Bellwoods, Toronto, Commercial

MLS® Number C13839784
For Sale   $ 5,188,000
  • 8677 SQFT
Kate Naccarato
Kate Naccarato Sales Representative 416-779-6085
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Description

Commercial Store W Apt/Office For Sale.

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.

Community Features: Public Transit, Subways

Cross Street: College St./Clinton St.

Key Facts

  • Days on: 1 days
  • Mls Status: New
  • Lot Type: Lot
  • Lot Width: 37.62
  • Garage Type: None
  • Heat Type: Gas Forced Air Open
  • Cooling: Yes
  • Building Area Total: 8677 Square Feet
  • Retail Area: 3177 Sq Ft
  • Lot Size Area: 4390 SquareFeet

Location 587-589, College, Trinity-Bellwoods, Toronto

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Kate Naccarato
Sales Representative 416-779-6085