For rent 50$5,188/mo est.
$50/sq ft/yr base rent. Taxes, maintenance and insurance are extra.
514 Yonge Street
Bay Street Corridor, Toronto, Ontario M4Y1X9
For rent· Added
About this property
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.
Location
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Property details
Listing
- MLS® number
- C12906962
- Added
- Mar 21, 2026 ()
- Updated
- Sep 3, 2026 ()
- Info refreshed
Overview
- Property type
- Retail
Inside
- Bathrooms
- 2
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Fireplace
- No
Land
- Zoning
- Commercial
Services
- Water
- Municipal water
Location
- Cross streets
- Yonge St & Grosvenor St
- Directions
- Yonge Street Corridor.
Running costs
- Annual property tax
- $32
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