587-589 College Street, Toronto
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. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 587-589 College Street, Toronto
- Type
- Commercial
- Living Area
- 8,677 square feet
- Lot Size
- 37.62 x 132.46 FT ; Frontage Combined
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Annual Taxes
- $70,808
Nearby Listings Stat
Estimated price and comparable properties near 587-589 College Street
Active Listings
1437
Min Price
$1
Max Price
$23,985,000
Avg Price
$1,198,306
Days on Market
65
days
Sold Listings
580
Min Sold Price
$1
Max Sold Price
$8,495,000
Avg Sold Price
$992,456
Days until Sold
65
days
Neighbourhood Census Data
Toronto, Ontario
Population
364
Median Age
32.9
Median Income
$27,776
Dwelling Value
$750,682
Housing Tenure
Owners 38%
Renters 59%
Age Distribution
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 12,465.8/km²
Avg Shelter Cost: $1,526/mo
Owners with Mortgage: 53.8%
Owners Spending 30%+: 30.8%
Tenants Spending 30%+: 47.4%
English only: 76.7%
English and French: 11%
Neither: 12.3%
Median Household Income: $63,936
Median Employment Income: $27,200
Price History
Listed
September 29, 2026
by METROGLOBE REALTY BROKERAGE CORP.
Current Price
$5,188,000
Type
Commercial
For Sale
