For Lease · Office

2ND FLOOR - 587A COLLEGE STREET, Toronto (Trinity-Bellwoods)

2ND FLOOR - 587A COLLEGE STREET, Toronto (Trinity-Bellwoods), ON M6G1B2

$21 per sq ft / yr

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

96%

About this property

Make College Street your address. A knockout, fully renovated 2,365 sq. ft. second floor above Dish Cooking Studio in the heart of Little Italy, with its own private street entrance at 587A College. The owners spared no expense on a top-to-bottom rebuild: wide-plank flooring, pot lights throughout, central air, skylights and five washrooms, so a tenant walks in with nothing left to build. The showpiece is a designer kitchen with quartz counters, a large seating island, stainless appliances, a double-door fridge and pendant lighting, the perfect hub for staff and client coffee. The layout is made for a professional team: a bright open office at the front with oversized windows over College Street, a staff lounge, four private offices off a long, light-filled hallway and a generous principal's office at the rear, plus a storage room and in-suite laundry. Clean, modern and ready to impress clients from day one. Perfect for architects, designers, consultants, law and accounting firms, creative studios, tech teams and wellness or aesthetics practices. Steps to Little Italy's restaurants and cafés, with the 506 College streetcar at the door. Entire floor offered to one tenant at $21.00 per sq. ft. net plus TMI (2026 est. $9.50 per sq. ft.), approx. $6,011 per month plus HST; tenant pays own hydro and internet. Second-floor walk-up. (id:66811)

Financial sandbox

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Estimate
Purchase price$21
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.23%

DSCR

0.82

Going-in cap

4.57%

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

59,782

Households

27,248

Median income

$132,000

Median age

36.2

Daytime population

76,538

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 2ND FLOOR - 587A COLLEGE STREET, Toronto (Trinity-Bellwoods).

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.