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This well-maintained property is currently divided into five tenant spaces, including a spacious two-bedroom residential unit that could easily be converted into additional office space. The layout offers strong potential for reconfiguration, with the ability to accommodate six or more individual tenant areas, making it ideal for investors or business owners seeking flexibility and future growth. Located just seconds from the 406 Highway, the property provides excellent accessibility without the congestion of Saint Paul Street. Its proximity to the downtown core allows for easy access to amenities while still offering quick in-and-out convenience for tenants and clients. There are two parking spaces out front and parking for 11+ cars on the Head Street side of the building on a long term lease. All existing tenants are on month-to-month leases, providing immediate income with the freedom to restructure lease terms, adjust rents, or occupy part of the building as needed. This is a rare chance to own a versatile and strategically positioned commercial asset in a growing urban center. With its solid construction, adaptable layout, and unbeatable location, this property represents exceptional value and long-term potential." +"BasementYN": true +"BuildingAreaUnits": "Square Feet" +"CityRegion": "451 - Downtown" +"CommunityFeatures": "Major Highway,Public Transit" +"Cooling": "Yes" +"Country": "CA" +"CountyOrParish": "Niagara" +"CreationDate": "2025-05-18T02:08:19.950372+00:00" +"CrossStreet": "Geneva and Race" +"Directions": "Carlisle St to Race St" +"Exclusions": "None" +"ExpirationDate": "2025-11-28" +"Inclusions": "Upon request" +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true +"ListAOR": "Niagara Association of REALTORS" +"ListingContractDate": "2025-05-17" +"LotSizeSource": "MPAC" +"MainOfficeKey": "118900" +"MajorChangeTimestamp": "2025-05-17T23:50:50Z" +"MlsStatus": "New" +"OccupantType": "Owner+Tenant" +"OriginalEntryTimestamp": "2025-05-17T23:50:50Z" +"OriginalListPrice": 1950000.0 +"OriginatingSystemID": "A00001796" 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Description
Located In The Heart Of Toronto’s Fashion District, Just West Of Spadina Ave. Professionally Appointed From Every Aspect. Very Functional Turn-Key Unit With A Great Mix Of Open Space, Private Offices, And A Kitchenette Area. Permitted Usages: Educational, Professional Office And More. Short Walk To Subway, Financial District & Trendy Shopping. Tenant responsible for paying Hyrdo Fees of Approx $153.48 Per Month, Approx. Maintenance Fees of $978.67 Per Month, and Property Tax of 11177.66 Per year.
Details
MLS® Number
C9768655
C9768655
Property Size
1400 Sqft
1400 Sqft
Additional details
- Utilities: Yes
- Sewer: Sanitary+Storm
- Cooling: Yes
- County: Toronto
- Property Type: Commercial Lease
- Community Features: Major Highway,Public Transit
Address
- Address 477 Richmond W Street
- City Toronto
- State/county ON
- Zip/Postal Code M5V 3E7