10
See all 10 photos
$48,000,000
Est. payment /mo
97,480 SqFt
Active
1235 Bay ST Toronto C02, ON M5R 3K4
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UPDATED:
01/30/2025 06:30 PM
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
Listed by CBRE LIMITED