Toronto – Street Front/For Sale – 563 Yonge St
Graham Smith and Liam Sauro at Cushman & Wakefield ULC in downtown Toronto are marketing for sale a stratified-freehold retail asset at 563 Yonge St., on the northwest corner of Yonge and Wellesley streets, in downtown Toronto. The property is positioned in a rapidly densifying, mixed-use neighbourhood directly adjacent to Wellesley Subway Station. The retail premises benefit from prominent corner exposure and high volumes of pedestrian and vehicular traffic. The property consists of six fully tenanted retail units totaling 8,330 square feet, with over 118 feet of frontage on Yonge St. and 120 feet of frontage on Wellesley St. East. About 6,200 residential units in several high-rise condo developments are presently under construction in the immediate area and an additional 20,000 units in the planning stages within the trade area.