5
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Est. payment /mo
65,360 SqFt
Active
555 Davenport RD Toronto C02, ON M5R 3R6
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 65,360 sqft
Municipality Toronto C02
Subdivision Casa Loma
MLS Listing ID C12793378
Annual Tax Amount $102,380
Tax Year 2025
Property Sub-Type Office
Lot Depth 189.49
Lot Front 128.37
Property Description
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.
Location
Province ON
County Toronto
Community Toronto C02
Area Toronto
Zoning R3 Z2.0, RA (226)
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 128.37
Lot Depth 189.49
Others
Security Features Yes
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
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