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640 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01) : MLS®# C13247254

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640 Yonge Street
Bay Street Corridor Toronto M4Y 1Z8

$2,850,000 /For Sale
Commercial

Main Photo: 640 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01) : MLS®# C13247254
Photo 1: 640 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01) : MLS®# C13247254
Photo 2: 640 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01) : MLS®# C13247254
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C13247254
Rare opportunity to acquire a mixed-use building on Yonge Street near Wellesley. The property features a ground-floor retail unit with excellent street exposure and two self-contained residential apartments, including one 1-bedroom and one 3-bedroom unit.Located in a high-demand downtown Toronto neighbourhood with strong pedestrian traffic, transit access, and excellent rental appeal. An ideal income-producing asset for investors or owner-operators.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
No
Total Area:
969 sq. ft. Square Feet
Total Area:
968.75 sq. ft.
Retail Area:
600 sq. ft. Sq Ft
Lot Depth:
78'
Lot Frontage:
12'6"
Water supply:
Municipal
Zoning:
Commercial Retail
Heating type:
Gas Forced Air Open
Garage:
Street
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$31,627 / 2025
Assessment:
$- / 2025
Toronto
Toronto C01
Bay Street Corridor
Yes
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Multi-Use
Date Listed:
Jun 05, 2026
Original Price:
Previous Price:
  • Photo 1: 640 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01) : MLS®# C13247254
    Photo 1 of 2
  • Photo 2: 640 Yonge Street in Toronto: Bay Street Corridor Commercial for sale (Toronto C01) : MLS®# C13247254
    Photo 2 of 2
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Listed by RIGHT AT HOME REALTY
Data was last updated June 6, 2026 at 12:15 AM (UTC)
DARYL KING
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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Explore Commercial Space for Sale in Toronto

Toronto’s diverse commercial property market includes everything from retail units and office suites to industrial spaces and mixed-use buildings. Whether you’re looking in downtown, midtown, or outer suburbs, our listings offer:

• Strategic Locations – Proximity to TTC, highways, and business hubs
• Variety of Property Types – Office, retail, warehouse, and flex space
• Investment-Ready Units – Tenanted spaces with income potential
• Zoning Options – Tailored for professional, retail, industrial, or hospitality use

Why Invest in Commercial Space in Toronto?

• Canada’s Economic Capital – High demand, strong ROI, and business growth
• Steady Appreciation – Limited inventory in key neighborhoods fuels long-term value
• Flexible Usage – Buy for your own business or lease it for consistent revenue
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Navigating the Commercial Real Estate Market in Toronto

Buying commercial space in Toronto involves important considerations, such as zoning laws, financing options, and long-term investment potential. Our expert team is here to guide you through each step of the process, offering personalized advice on market trends, property inspections, and negotiations to ensure a seamless and successful transaction.

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FAQs – Commercial Space for Sale Toronto

1. What types of commercial properties are available in Toronto?
Office spaces, retail storefronts, warehouses, industrial units, and mixed-use buildings.

2. Is now a good time to buy commercial space in Toronto?
Yes. With ongoing development and population growth, demand remains high in key business districts.

3. Can I lease out the space if I’m not using it?
Absolutely. Many buyers purchase commercial property solely as an income-generating investment.

4. What areas are best for commercial real estate in Toronto?
Downtown Core, Liberty Village, North York, Scarborough, and Etobicoke are all strong markets.