Commercial/Retail for sale at 1242 Yonge Street, Toronto, Ontario, M4T 1W5 - Yonge-St. Clair - MLS: C13446128

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for sale
for lease
sold
leased
terminated
expired
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1242 Yonge Street

Toronto, Ontario, M4T 1W5 - Yonge-St. Clair

$1,790,000

Neighbourhood

Yonge-St. Clair
Major Intersection

Yonge St & Summerhill Ave

Listed Since: 1 day(s)
Last update: 1 day(s) ago

Overview

Property Type

Commercial/Retail, Retail
Bedrooms

n/a
Bathrooms

n/a
Basement

n/a
Kitchen

n/a
Total Parking

n/a
Lot Size

Available Upon Request
Taxes

$14.90 (2026)
Type

Commercial

Property Description

Property description for 1242 Yonge Street, Toronto

1242 Yonge Street, occupied by Waxon since 2012, is being offered for sale and presents an opportunity to acquire a well-located retail investment in the heart of Summerhill. The property is leased to a long-standing tenant that has recently executed a new long-term lease, providing stable and predictable income. Positioned on a prominent corner at Yonge Street and Walker Avenue, the property benefits from strong pedestrian traffic, direct access to Summerhill Subway Station, and close proximity to Yorkville, Rosedale, and the Yonge/Bloor corridor. The surrounding area is characterized by affluent residential neighbourhoods, established retail amenities, and ongoing residential intensification, supporting the long-term fundamentals of the location. Opportunities to acquire corner retail properties with newly renewed long-term tenancy along this stretch of Yonge Street are infrequent, making 1242 Yonge Street a noteworthy offering within one of Toronto's most established retail corridors.

Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.

Property details

MLS #

C13446128
Sq. Ft

1700
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

None
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Open
A/C

Part
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

C13446128
Sq. Ft

1700
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

None
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Open
A/C

Part
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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