640 Yonge Street

Bay Street Corridor, Toronto, M4Y 1Z8

$2,500,000

Reduced $350,000 from $2,850,000

Photo 1 of 2Photo 2 of 2

Listed 137 days ago · MLS® C13247254

About this home

Rare opportunity to acquire a mixed-use building on Yonge Street near Wellesley. The property features a ground-floor retail unit with excellent street exposure and two self-contained residential apartments, including one 1-bedroom and one 3-bedroom unit.Located in a high-demand downtown Toronto neighbourhood with strong pedestrian traffic, transit access, and excellent rental appeal. An ideal income-producing asset for investors or owner-operators.

Details

Type
Commercial Retail
Lot
12.5 × 78 ft
Garage
Street
Property tax
$31,627 (2025)
Neighbourhood
Bay Street Corridor
Municipality
Toronto C01

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
969 Square Feet

More

Possession
Immediate
Cross street
Yonge St. & Wellesley Ave

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

  • 🚇 Wellesley Subway3 min walk
  • 🚇 Bloor-Yonge Subway8 min walk
  • 🚆 Toronto Union Station GO2.5 km

Within a 10-minute walk: 20 grocery stores, 313 cafés and restaurants, 32 parks, 29 pharmacies. Nearest grocery: Rabba (150 m). Nearest park: James Canning Gardens (100 m).

Schools nearby

Elementary

  • Church Street Junior Public School
    EQAO: Gr 6 reading 84%, math 45%
    10 min walk
  • Our Lady of Lourdes Catholic School Catholic
    EQAO: Gr 6 reading 80%, math 43%
    13 min walk
  • Jesse Ketchum Junior and Senior Public School
    EQAO: Gr 6 reading 96%, math 71%
    14 min walk

Secondary

  • St. Joseph's College School Catholic
    EQAO: Gr 9 math 66%, literacy test 87%
    5 min walk
  • Native Learning Centre9 min walk
  • Jarvis Collegiate Institute
    EQAO: Gr 9 math 34%, literacy test 80%
    11 min walk

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 M4Y

Owners / renters
29% / 71%
Median household income
$62,400
Average age
39
Children under 15
4%
Homes
0% detached, 91% high-rise
Commute by transit
31%
Population
36,319

Languages spoken most at home besides English: Mandarin 7.6%, Korean 1.5%, Spanish 1.3%, Iranian Persian 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 Bay-Cloverhill (2025): about the Toronto average, up 6% from the year before.

  • Assault22% below average
  • Break and enter51% above average
  • Auto theft93% below average
  • Robberyabout average
  • Theft from vehicles31% below average
  • Shootingsnone reported

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 50 active

  • 2 BLOOR ST E · 450 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Zoning By-law Amendment to permit a self-storage warehouse use on floors 2-5 (formely The Bay retail space). The existing ground floor retail unit will be…
    Application details
  • 55 ISABELLA ST · 250 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    The application proposes to amend the Zoning By-law to permit a 75-storey mixed-use building (250.5 metres including mechanical penthouse) containing 92 square…
    Application details
  • 1075 BAY ST · 200 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2025
    Official Plan & Zoning By-law Amendment to not replace the required office space and instead permit a minimum 1,815 m2 of non-residential space and/or…
    Application details
  • 48 ISABELLA ST · 250 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Combined Official Plan & Zoning By-law Amendment for a 69-storey residential apartment building and will contain a total of 814 dwelling units, including 84…
    Application details
  • 555 YONGE ST · 200 m
    Site Plan · Under Review · applied 2025
    Site Plan Approval for a 68 storey mixed-use building. There will be 679 dwelling unit and 45,139 square meters of GFA, including 455 square meters of retail…
    Application details
  • 81 ISABELLA ST · 400 m
    Official Plan / Zoning By-law Amendment · OMB Appeal · applied 2025
    Zoning By-law Amendment for a 69-storey residential building, containing 647 dwelling units, including 48 replacement rental dwelling units.
    Application details

65 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): 2 km. Transit times · Driving times

Coming transit

  • 🚧 Queen 1.6 km
  • 🚧 Osgoode 1.7 km
  • 🚧 Moss Park 1.8 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: Heritage Conservation District (Part V) (2024). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Addition · 2021 · Closed
    Proposal to construct a 2 storey rear addition for existing mixed use building.

12 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

41 City street trees within 100 m, mostly honeys. That’s about 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 RIGHT AT HOME REALTY.

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

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