Salehian.com 647-325-5000

40 Fort York Boulevard G05

Waterfront Communities C1, Toronto, M5V 3Z3

$1,498,900

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  • 3 bathrooms

Listed 132 days ago · MLS® C13424832

About this home

Rare live/work commercial condominium in the heart of CityPlace offering approximately 1,733 sqft over two levels with direct street exposure on Fort York Boulevard. Permitted work use with existing hair salon operation, ideal for owner-users, investors, beauty or service based businesses. This unique space features soaring 10.5 ft ceilings on the main level, 9 ft ceilings on the second floor, abundant natural light with southern exposure through the floor to ceiling windows, contemporary finishes, three washrooms and a private patio. Currently home to Evolve Hair Studio, an established and highly regarded business operating since 2012, the property benefits from strong brand recognition, a loyal clientele and an exceptional online reputation with over 600 4.7 star Google reviews. Street level visibility, constant pedestrian traffic and a dense surrounding residential population create outstanding exposure and long-term growth potential. The offering includes one underground parking space and provides flexibility for to take over a turnkey operation or expand locations. This is an opportunity to acquire both premium real estate and a successful operating business in one of downtown Toronto's most dynamic neighbourhoods.

Details

Type
Commercial Retail
Age
6-15 years
Garage
Underground
Property tax
$11,086 (2025)
Neighbourhood
Waterfront Communities C1
Municipality
Toronto C01

Interior

Bathrooms
3 × bathroom

Heating, cooling and services

Heating
Electric Forced Air
Air conditioning
Yes
Utilities
Yes

Building and exterior

Age
6-15 years
Building area
1,733 Square Feet

More

Possession
TBD
Cross street
Fort York/ Spadina
Business type
Health & Beauty Related

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 St. Andrew Subway1.2 km
  • 🚇 Union Subway1.4 km
  • 🚆 Toronto Union Station GO1.3 km

Within a 10-minute walk: 16 grocery stores, 233 cafés and restaurants, 32 parks, 15 pharmacies. Nearest grocery: Sobeys (100 m). Nearest park: Canoe Landing Park (150 m).

Schools nearby

Elementary

  • Jean Lumb Public School
    EQAO: Gr 6 reading 93%, math 65%    1 min walk
  • Bishop Macdonell Catholic Elementary School Catholic
    EQAO: Gr 6 reading 97%, math 64%    2 min walk
  • The Waterfront School
    EQAO: Gr 6 reading 93%, math 71%    8 min walk
  • ALPHA Alternative Junior School10 min walk

Secondary

  • City School
    EQAO: literacy test 58%    8 min walk
  • Oasis Alternative Secondary School10 min walk
  • Downtown Vocal Music Academy of Toronto Private1.3 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.

Who lives here postal area M5V

Owners / renters
42% / 58%
Median household income
$91,000
Average age
35
Children under 15
6%
Homes
0% detached, 97% high-rise
Commute by transit
23%
Population
59,912

Languages spoken most at home besides English: Mandarin 3.7%, Spanish 1.5%, Yue (Cantonese) 1%, Hindi 1%.

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 Harbourfront-CityPlace (2025): about the Toronto average, up 14% from the year before.

  • Assaultabout average
  • Break and enter25% below average
  • Auto theft75% below average
  • Robbery39% below average
  • Theft from vehicles42% below average
  • Shootingsabout 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 15 active

  • 150 QUEENS WHARF RD · 400 m
    Site Plan · Application Received · applied 2026
    The 2025 Proposal is a 37-storey tower with a total of 268 units and ~350m2 of ground floor non-residential GFA. Of the 268 units, over 50% of the units are…
    Application details
  • 495 KING ST W · 500 m
    Plan of Condominium · Under Review · applied 2025
    Draft Plan of Standard Condominium for 439 units.
    Application details
  • 10 LOWER SPADINA AVE · 250 m
    Site Plan · Under Review · applied 2024
    Site Plan Application for a 49-storey mixed use building (not including mechanical penthouse), containing approximately 128 square metres of non-residential…
    Application details
  • 10 LOWER SPADINA AVE · 250 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2024
    Zoning By-law Amendment application for a 49-storey mixed use building (not including mechanical penthouse), containing approximately 128 square metres of…
    Application details
  • 18 PORTLAND ST · 400 m
    Site Plan · Under Review · applied 2022
    Proposal to permit the redevelopment of the site with a 22-storey mixed-use building, having a non-residential gross floor area of 2,770.5 square metres and a…
    Application details
  • 378 WELLINGTON ST W · 450 m
    Official Plan / Zoning By-law Amendment · Appeal Received · applied 2022
    Official Plan and Zoning By-law Amendment applications to permit the redevelopment of the site with a 30-storey mixed-use building with retail at-grade along…
    Application details

18 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

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

  • 🚧 King West GO Transit700 m
  • 🚧 Chinatown 950 m
  • 🚧 Osgoode 1.4 km

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

Noise 2 sources nearby

  • 🛣️ Gardiner Expressway200 m
  • 🚆 Rail line (Union Station Rail Corridor)100 m

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

Building permits

No building permits at this address since 2014.

1 permit 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

64 City street trees within 100 m, mostly oaks. That’s more 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 REVEL REALTY INC..

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

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