5171 Yonge Street, Toronto C14, ON M2N 5P5, Toronto C14, ON
5521.0 sqft
A rare opportunity to acquire a fully tenanted commercial office and retail building on a high-profile site along Yonge Street, in the heart of North York Centre. The property is identified under the revised North York Centre Secondary Plan as potentially eligible for development of up to 65 storeys, making it one of the few remaining sites in the area suitable for significant high-density, mixed-use redevelopment. Located steps from North York Centre Subway Station, North York Civic Centre, and the Toronto Central Library, the site offers seamless integration into Toronto's public transit network. It is also within minutes of Highway 401, facilitating access for both regional and citywide commuters. The area functions as Toronto's largest employment node outside the downtown core, supporting both commercial and residential intensification. The property at 5169 & 5171 Yonge St. is situated within a section of Yonge Street already surrounded by high-rise residential buildings, Class-A office towers, and major retail developments, making it an ideal candidate for additional density in line with the City of Toronto's growth and intensification objectives. The existing structure is fully leased to a mix of long-standing commercial and professional tenants, providing reliable holding income during the planning and development process. The property includes 11 on-site parking spaces, with ample public and street parking available in the immediate vicinity. Most comparable sites in the area have already been developed, making this property one of the last large-scale parcels along this stretch of Yonge Street, offering a unique opportunity for long-term strategic development. Please do not contact tenants directly. Thank you for your interest.
Property Highlights
For Sale
MLS NO.
C12373526
Type
Commercial
Sub Type
Commercial Retail
Square Footage
5521.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C12373526
Security Features
Partial
Lot Width
46.3
Garage Type
Outside/Surface
Cooling
Yes
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
5171 Yonge Street, Toronto C14, ON M2N 5P5
City
Toronto C14
Neighbourhood
Willowdale East
County / Region
Toronto
Province / State
ON
Postal Code
M2N 5P5
Cross Street
Yonge/Empress
Directions
Yonge/Empress
Country
CA
List Price
$13,890,000
Annual Taxes
$71,508
Tax Year
2025
Legal Description
PT LT 232-233 PL 1790 TWP OF YORK AS IN NY789532, NY792873; T/W NY792873; S/T INTEREST IN NY792873; TORONTO (N YORK), CITY OF TORONTO
Possession Type
Other
Possession Details
tba
Listing Office
CENTURY 21 HERITAGE GROUP LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2025-09-02T13:43:26Z
Media Updated
2025-09-02T13:43:27Z
Photos Updated
2025-09-02T13:43:27Z
Last Modified
2025-09-12T13:11:02Z
System Modified
2025-10-21T23:31:35.747819Z
MLS Status
New
Basement Yn
Yes
Co List Office Name
CENTURY 21 HERITAGE GROUP LTD.
Ddfyn
Yes
Expiration Date
2026-08-31
Heat Type Multi
Gas Forced Air Open
Hstapplication
In Addition To
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parking Spaces
11
Public Remarks
A rare opportunity to acquire a fully tenanted commercial office and retail building on a high-profile site along Yonge Street, in the heart of North York Centre. The property is identified under the revised North York Centre Secondary Plan as potentially eligible for development of up to 65 storeys, making it one of the few remaining sites in the area suitable for significant high-density, mixed-use redevelopment. Located steps from North York Centre Subway Station, North York Civic Centre, and the Toronto Central Library, the site offers seamless integration into Toronto's public transit network. It is also within minutes of Highway 401, facilitating access for both regional and citywide commuters. The area functions as Toronto's largest employment node outside the downtown core, supporting both commercial and residential intensification. The property at 5169 & 5171 Yonge St. is situated within a section of Yonge Street already surrounded by high-rise residential buildings, Class-A office towers, and major retail developments, making it an ideal candidate for additional density in line with the City of Toronto's growth and intensification objectives. The existing structure is fully leased to a mix of long-standing commercial and professional tenants, providing reliable holding income during the planning and development process. The property includes 11 on-site parking spaces, with ample public and street parking available in the immediate vicinity. Most comparable sites in the area have already been developed, making this property one of the last large-scale parcels along this stretch of Yonge Street, offering a unique opportunity for long-term strategic development. Please do not contact tenants directly. Thank you for your interest.
