1235 Bay ST Active Save Request In-Person Tour Request Virtual Tour
Toronto C02,ON M5R 3K4
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 97,480 sqft
Price per Sqft $492
Subdivision Annex
MLS Listing ID C11947133
Annual Tax Amount $730,269
Tax Year 2024
Property Description
Freestanding 10-storey boutique office tower situated at the corner of Bay and Cumberland in Canadas most prestigious mixed-use neighbourhood. Recent upgrades, LEED Gold certification, and efficient 9,250 sq. ft. floor plates appeal to a wide range of small to mid-size tenants seeking institutional space with direct TTC access. Current occupancy of 83% to 20 tenants enables leasing upside at rents that have consistently outperformed the market. The Bloor-Yorkville neighbourhood boasts the worlds most distinguished luxury lifestyle, F&B, and retail amenities. Unparalleled residential intensification with 9 active projects (+3,800 units) and 12 proposed projects (+6,000 units) in various stages of development at the highest price points in Toronto (+$2,400 PSF) will continue to augment the nodes international appeal.
Location
Province ON
County Toronto
Community Annex
Area Toronto
Zoning CR 7.8 (c4.5; r7.8) SS1
Interior
Cooling Yes
Exterior
Community Features Public Transit,Subways
Utilities Available Available
Others
Security Features Yes