514 Yonge St, Toronto, Ontario, M4Y 1X9





Description
Prime Yonge Street retail opportunity at 514 Yonge Street, ideally located just one block south of Wellesley Station in the heart of downtown Toronto. This high-visibility storefront offers excellent exposure along one of the city's busiest pedestrian and transit corridors, surrounded by established retailers, restaurants, residential towers, offices and ongoing intensification. Previously operated as an Asian-inspired tea house, the space offers a distinctive interior with character and provides an excellent foundation for a variety of retail, café, food, beverage, wellness or service-oriented concepts. The premises feature a functional main-floor layout with direct Yonge Street frontage and signage opportunities, plus a usable basement providing valuable additional space for storage, preparation, staff areas or other ancillary uses. Exceptional accessibility with Wellesley Subway Station approximately one block north and the Yonge/Bloor and College Street neighborhoods within easy walking distance. Strong daytime, evening and weekend pedestrian traffic generated by the surrounding residential population, businesses, Toronto Metropolitan University, nearby institutions and destination retail. An excellent opportunity for an operator seeking a recognizable Yonge Street address, strong street presence, transit access and additional lower-level space in one of downtown Toronto's most active mixed-use neighborhoods.
Home Details
List Date
2026-03-19
Style
Retail
Type
Commercial/Retail
Status
Active
Year Built
UNKNOWN
Features
Bedrooms
-
Bathrooms
2
Heating
Gas Forced Air Open
Cooling
-
Parking
- Spaces
Appliances & Equipment
Inclusions
None specified.
Exterior
Construction
-
Water & Sewer
Municipal
Lot Size
-
Garage
None
Taxes
$32 (2026)
Listing Brokerage
Brokerage Name
GITALIS REAL ESTATE INC.

RealtHer Group
Real Estate Brokers
RE/MAX Metropolis
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