199 Bay Street

Church-Yonge Corridor, Toronto, M5L 1G5

$188,000

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Listed 242 days ago · MLS® C12807014

About this home

A rare chance to own a profitable food business in the heart of downtown Toronto. Bagel Stop is located inside a busy office tower at 199 Bay Street. Steps to the PATH. Surrounded by banks, offices, and condo buildings. Strong weekday traffic. Toronto will host six FIFA World Cup 2026 matches. This may bring more traffic, more visitors, and better sales potential for downtown restaurants. Stable customer base. Low rent for this prime location. High profit margins. Simple operation. Easy menu. Bagels, sandwiches, and grab-and-go items. Perfect for owner-operator. Small team required. Clean setup. Efficient layout. Turnkey operation. Keep the brand or bring your own concept (subject to approval). Great opportunity for someone looking for steady income in the financial district. Downtown locations like this are hard to find at this price point.

Details

Type
Sale Of Business
Lot
20 × 30 ft
Garage
None
Neighbourhood
Church-Yonge Corridor
Municipality
Toronto C08

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes

More

Possession
Flexible
Cross street
King St W & Bay St
Business type
Fast Food/Takeout

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 King Subway3 min walk
  • 🚇 Union Subway4 min walk
  • 🚆 Toronto Union Station GO6 min walk

Within a 10-minute walk: 26 grocery stores, 457 cafés and restaurants, 25 parks, 23 pharmacies. Nearest grocery: Nutrition House (100 m). Nearest park: The Pasture (200 m).

Schools nearby

Elementary

  • Downtown Alternative School12 min walk
  • St. Michael Catholic School Catholic
    EQAO: Gr 6 reading 83%, math 36%
    12 min walk
  • Saint Michael's Choir School Catholic13 min walk
  • École élémentaire Gabrielle-Roy French
    EQAO: Gr 6 reading 100%, math 88%
    18 min walk

Secondary

  • Contact Alternative School17 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%
    1.4 km
  • Oasis Alternative Secondary School1.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Yonge-Bay Corridor (2025): 247% above the Toronto average, about the same from the year before.

  • Assault338% above average
  • Break and enter191% above average
  • Auto theft28% below average
  • Robbery283% above average
  • Theft from vehicles90% above average
  • Shootings47% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 19 active

  • 69 YONGE ST · 200 m
    Site Plan · Application Received · applied 2026
  • 59 ADELAIDE ST E · 450 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Combined Official Plan & Zoning By-law Amendment for a new 63-storey mixed-use building, containing approximately 370 dwelling units.
    Application details
  • 1 FRONT ST W · 250 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2025
    Combined Official Plan & Zoning By-law Amendment for a 2 tower mixed-use building (45 and 49 storeys) atop the historic Dominion Public Building. There are no…
    Application details
  • 60 YONGE ST · 150 m
    Site Plan · Under Review · applied 2025
    Proposed redevelopment of the 12-storey office building at 60 Yonge Street with a 65-storey mixed-use building that includes a 5-storey base building, topped…
    Application details
  • 55 YONGE ST · 200 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2024
    Combined Official Plan & Zoning By-law Amendment for a 68-storey residential building with at-grade retail space and 836 residential dwelling units.
    Application details
  • 145 WELLINGTON ST W · 500 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2024
    Combined Official Plan Amendment (OPA) & Zoning By-law Amendment (ZBA) application for a proposal to amend By-law 1015-2022, the proposed 65-storey residential…
    Application details

19 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

Coming transit

  • 🚧 Queen 500 m
  • 🚧 Osgoode 650 m
  • 🚧 Moss Park 1.0 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Heritage Protected

This address is on Toronto’s Heritage Register: Designated (Part IV). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Electromagnetic Locks · 2026 · Application On Hold
    Proposal for fire/security upgrade and install 1 maglock power supply for existing maglock basement collaboration door.
  • Sprinklers · 2026 · Permit Issued
    Proposal for sprinkler system - The scope of work includes providing additional temporary sprinkler protection within the scaffolding…
  • Interior Demolition · 2026 · Permit Issued
    Proposal for interior demolition to suite 3210 to bring back to base condition
  • Electromagnetic Locks · 2026 · Permit Issued
    Proposed installation of maglocks
  • Interior Alterations · 2026 · Permit Issued
    INTERIOR ALTERATIONS

105 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

9 City street trees within 100 m, mostly honeys. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RC BEST CHOICE REALTY CORP.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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