$3,250,000 - 277 Davenport Road Unit 102, Yorkville
Commercial for Sale in Yorkville
84 days on marketNeighbourhood: Annex
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- MLS Number
- C13565798
- Property Type
- Commercial
- Status
- active
- Days on Site
- 84
- Bedrooms
- 0
- Bathrooms
- 3
- Square Feet
- 3,663 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Taxes (2026)
- $50,993
- Listing Brokerage
- INTERCITY REALTY INC.
An unmistakable statement of design, presence, and prestige-this is one of the most compelling commercial spaces Yorkville has to offer. Designed by the internationally acclaimed Hariri Pontarini Architects, 277 Davenport Road is an architectural jewel within one of Yorkville's most coveted boutique luxury condominiums. Suite 102 spans just under 3,700 sq. ft. of exquisitely curated space, where refined proportions and dramatic scale create an immediate sense of arrival. A striking reception area sets the tone, flowing seamlessly into an expansive open-concept main floor enhanced by soaring ceilings and a breathtaking double-height volume that draws the eye upward to the elegant mezzanine above. Every detail has been thoughtfully considered-from polished concrete floors to the sculptural lines and abundant natural light that elevate the space well beyond conventional commercial offerings. Zoned CR 2.0, this exceptional office/retail environment accommodates a wide range of prestigious uses while maintaining a rare level of architectural sophistication. Positioned for maximum impact, the property enjoys prime exposure on Davenport Road between Bedford Road and Avenue Road, just steps from the heart of Yorkville's luxury retail, fine dining, and cultural destinations. Additional highlights include 2 exclusive unground parking spaces, wheelchair-accessible entry with ramp, three 2-piece bathrooms, ensuite laundry, and unbeatable transit connectivity-only a five-minute walk to Dupont and Bay subway stations. This is not simply a commercial space-it is a design-forward, statement address for those who demand excellence, visibility, and timeless luxury in one of Toronto's most prestigious neighborhoods.
Estimate your monthly payments for this property
Estimated Payment
$14,375.85/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Annex
Annex is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Annex
- •Convenient location in Annex / Yorkville / Summerhill
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Annex offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
277 Davenport Road Unit 102, Annex / Yorkville / Summerhill
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $887/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 84 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Yorkville transactions.