For Lease · Office

200 - 639 YONGE STREET, Toronto (Church-Yonge Corridor)

200 - 639 YONGE STREET, Toronto (Church-Yonge Corridor), ON M4Y1Z9

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

88%

About this property

Unique opportunity to lease approximately 1,000 SF of second-floor commercial space in one of Toronto's most recognizable Yonge Street locations, directly above the former House of Lords at 639 Yonge Street. Offered at an attractive $3,000 per month, this versatile space is ideal for professional or creative office users, showroom, studio, service-based businesses, or second-floor retail. Located in the heart of the Yonge Street corridor, the property benefits from exceptional pedestrian traffic, transit accessibility and proximity to Yorkville, Bloor-Yonge, Toronto Metropolitan University and the surrounding downtown residential and employment population. The space offers an excellent opportunity for businesses seeking a distinctive downtown address without the cost of traditional street-level retail. Its second-floor setting provides privacy for office users while maintaining the visibility and convenience of a prominent Yonge Street location. Suitable for a wide variety of commercial uses and an excellent option for businesses looking for approximately 1,000 SF in a highly accessible downtown location. Steps to TTC subway stations, restaurants, cafés, shops and amenities. Approximately 1,000 SF | $3,000/Month | Second Floor | Yonge Street (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

58,374

Households

22,152

Median income

$114,000

Median age

32

Daytime population

72,429

5-yr growth

2.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 200 - 639 YONGE STREET, Toronto (Church-Yonge Corridor).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.