$3,500
384 Yonge Street 49, Toronto C01, ON M5B 1S8
Beds
Baths
Parking
Excellent opportunity to lease a commercial food court / take-out eating establishment unit. Gross area approximately 749 sq ft, including dining area, with approximately 219 sq ft net kitchen area. Zoning permits commercial food court and take-out restaurant use. Unit features 10 ft ceilings and power supply of 60A, 120V/208V, 3-phase. Water is not separately metered; electrical is separately metered.Base rent is $3,500/month plus TMI. Tenant responsible for TMI including property taxes ($1,064.45/month) and maintenance/common expenses ($1,720.36/month).Existing improvements include sinks and kitchen exhaust system installed. Plumbing, electrical, and gas lines to be installed and made ready for restaurant use. Fryers, flat grills, ranges, work tables, shelving, refrigeration/freezer equipment, and other restaurant appliances are not included and to be supplied by tenant.Preferred lease term is 3 or 5 years. Security deposit equal to 3 months' rent. Rent escalation negotiable. No known restrictions.

Property Summary

Property Type Commercial
Property Sub Type Commercial Retail
Transaction Type For Lease
Approximate Age 6-15
Possession FLEX

Building

Building Type Commercial Retail
Portion for Lease Not specified by MLS
Square Footage 723
Building Area Units Square Feet
Heating Gas Forced Air Open
Cooling Yes

Measurements

Lot Size 0 x 0
Lot Size Units Feet
Frontage 0
Depth 0
Total Living Area 723

Land

Address 384 Yonge Street 49, Toronto C01, ON M5B 1S8
City Toronto C01
Community Bay Street Corridor
County / Area Toronto
Cross Street Yonge/College
Sewer None

Parking and Garage

Garage Type Underground

Taxes and Listing Info

List Price $3,500
Annual Taxes $1,064
Tax Year 2026
Status Active
Listing Date 2026-05-23T15:09:31Z
Updated 2026-05-23T15:09:31Z
MLS Number C13166086
Local Market Insight

What Buyers Should Know About 384 Yonge Street 49, Toronto C01, ON M5B 1S8

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

384 Yonge Street 49, Toronto C01, ON M5B 1S8 is positioned in Bay Street Corridor, a part of Toronto C01 where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a Commercial Retail, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Commercial Retail should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Yonge/College, public transit options, parking availability, and drive times to employment areas. A property with available parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $3,500, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows available bedrooms, available bathrooms, basement details marked as to be confirmed, and a lot size of 0 x 0, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Toronto C01, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Bay Street Corridor. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 384 Yonge Street 49, Toronto C01, ON M5B 1S8, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.