Space
Finished area and layout
- Building Area
- 65,360 sqft
$27,000,000
555 Davenport
Toronto (Casa Loma), On, M5R 3R6
office·sale·Tax $10/yr
Extension
65,360 sqft
Building Area
128.37 x 189.49 ft
Lot
Property Snapshot
Key details for this listing
MLS #C12793378
Property
Type, style and structure
- Type
- commercial
- Style
- office / Office
Lot
Land, frontage and setting
- Lot
- 128.37 x 189.49 ft
- Frontage
- 128.37 ft
About This Property
This office in Toronto offers 65,360 sqft of building area on a 128.37 x 189.49 ft lot. The property has cross street Davenport Road & Spadina Road, zoned RA (x226). The home features yes.
MLS Remarks
Freestanding 65,360 sf building spanning four levels. Average floor plate size of 16,300 sf. Ideal user and/or investor opportunity. The Property has approximately 20 on-site parking spaces, one elevator, one drive-in door, and is located on a prominent corner across from Casa Loma. The building was previously utilized for an institutional use as the George Brown Dental School. The current buildout of the building consists of classrooms, meeting rooms, offices, large board rooms, washrooms, loading area, reception area, and three double ceiling height rooms on the main floor. The building is currently leased short-term by an entertainment company for storage and workshop uses. Vacant possession can be provided or assumption of the current tenant with flexibility to terminate to gain possession. The building can be repositioned for office, educational, medical, and other uses subject to review of zoning. The Property is situated in Toronto's prestigious Casa Loma neighborhood, offering an exceptionally central location with convenient access to Downtown and the City's affluent residential districts, including Rosedale, Summerhill, and Forest Hill. Transit connectivity is anchored by Dupont Station on Line 1 (Yonge-University), located approximately 350 metres from the Property, providing access to Bloor-Yonge, the Bloor-Danforth Line, Union Station, and the Financial District. The Vendor has enhanced the Property by advancing and securing key planning approvals that reposition the Property for future redevelopment. Approvals have been obtained for a 10-storey mixed-use development with 168 residential units over 139,952 square feet. For an owner-occupier and/or investor, these approvals provide the ability to utilize the existing building today while holding a clearly defined, value-enhancing entitlement framework that can be leveraged over time as needs evolve and market conditions change.
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