555 Davenport Road, Toronto C02, ON M5R 3R6, Toronto C02, ON
65360.0 sqft
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.
Property Highlights
For Sale
MLS NO.
C12793378
Type
Commercial
Sub Type
Office
Square Footage
65360.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Office
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
C12793378
Security Features
Yes
Lot Width
128.37
Lot Size
0.56
Lot Size Units
Acres
Garage Type
Outside/Surface
Cooling
Yes
Heat Type
Gas Forced Air Closed
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
555 Davenport Road, Toronto C02, ON M5R 3R6
City
Toronto C02
Neighbourhood
Casa Loma
County / Region
Toronto
Province / State
ON
Postal Code
M5R 3R6
Cross Street
Davenport Road & Spadina Road
Directions
Davenport Road & Spadina Road
Country
CA
List Price
$27,000,000
Annual Taxes
$102,381
Tax Year
2025
Possession Type
Immediate
Possession Details
Upon Closing
Listing Office
CUSHMAN & WAKEFIELD
Board
Toronto Regional Real Estate Board
Original Entry
2026-02-17T16:09:45Z
Media Updated
2026-02-17T16:14:41Z
Photos Updated
2026-02-17T16:09:45Z
Last Modified
2026-02-17T16:14:41Z
System Modified
2026-02-17T16:14:41.597889Z
MLS Status
New
Basement Yn
Yes
Co List Office Name
CUSHMAN & WAKEFIELD
Ddfyn
No
Expiration Date
2026-06-30
Heat Type Multi
Gas Forced Air Closed
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
212260211
Public 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.
