514 Yonge Street, Toronto
Prime Yonge Street retail opportunity at 514 Yonge Street, ideally located just one block south of Wellesley Station in the heart of downtown Toronto. This high-visibility storefront offers excellent exposure along one of the city's busiest pedestrian and transit corridors, surrounded by established retailers, restaurants, residential towers, offices and ongoing intensification. Previously operated as an Asian-inspired tea house, the space offers a distinctive interior with character and provides an excellent foundation for a variety of retail, café, food, beverage, wellness or service-oriented concepts. The premises feature a functional main-floor layout with direct Yonge Street frontage and signage opportunities, plus a usable basement providing valuable additional space for storage, preparation, staff areas or other ancillary uses. Exceptional accessibility with Wellesley Subway Station approximately one block north and the Yonge/Bloor and College Street neighborhoods within easy walking distance. Strong daytime, evening and weekend pedestrian traffic generated by the surrounding residential population, businesses, Toronto Metropolitan University, nearby institutions and destination retail. An excellent opportunity for an operator seeking a recognizable Yonge Street address, strong street presence, transit access and additional lower-level space in one of downtown Toronto's most active mixed-use neighborhoods. (id:1945)
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Property details for 514 Yonge Street, Toronto
- Type
- Commercial
- Bathrooms
- 2
- Living Area
- 1,245 square feet
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Annual Taxes
- $32
Nearby Listings Stat
Estimated price and comparable properties near 514 Yonge Street
Active Listings
440
Min Price
$20
Max Price
$25,000
Avg Price
$3,775
Days on Market
25
days
Sold Listings
579
Min Sold Price
$29
Max Sold Price
$9,800
Avg Sold Price
$3,536
Days until Sold
26
days
Neighbourhood Census Data
Toronto, Ontario
Population
2,007
Median Age
27.9
Median Income
$21,056
Dwelling Value
$598,296
Housing Tenure
Owners 34%
Renters 67%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.7
Pop. Density: 44,207.0/km²
Avg Shelter Cost: $1,719/mo
Owners with Mortgage: 64.5%
Owners Spending 30%+: 51.4%
Tenants Spending 30%+: 53.4%
English only: 85.8%
French only: 0.2%
English and French: 11.5%
Neither: 3%
Median Household Income: $37,837
Median Employment Income: $37,056
Price History
Listed
March 22, 2026
by GITALIS REAL ESTATE INC.
Current Price
$50
Type
Commercial
For Rent
Contact Agent Get in touch about 514 Yonge Street, Toronto
CHRISTIAN ANDREW WALASEK
GITALIS REAL ESTATE INC.