$1,799,000 - 655 St Clair Avenue, Yorkville
Commercial for Sale in Yorkville
299 days on marketNeighbourhood: Wychwood
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- MLS Number
- C12566794
- Property Type
- Commercial
- Status
- active
- Days on Site
- 299
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,865 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome To 655 St Clair Ave W-An Exceptional Opportunity To Own A Prime Mixed-Use Property In Toronto's Vibrant St. Clair West Village, One Of The City's Most Desirable And Rapidly Evolving Corridors. Surrounded By New Developments And Supported By A Strong, Established Community, This Location Offers Outstanding Visibility, Steady Foot Traffic, And Unmatched Convenience. It's Perfectly Suited For Both Investors And End Users Seeking Live/Work Versatility Or A High-Exposure Retail Presence. Featuring A Rare 20' Foot Frontage (As Per GeoWarehouse), The Property Includes Parking For Up To 6 Vehicles (Freshly Paved) Via The Rear Laneway. The Main-Floor Commercial Space Is Currently Tenanted. The Upper-Level Two-Bedroom, One-Bathroom Apartment Will Be Delivered Vacant, Providing Exceptional Potential For Personal Use Or Additional Income. Proudly Owned By The Same Family For Nearly 60 Years, This Is A Special Opportunity With Endless Potential! Ideally Positioned Just Steps From Transit And Minutes From Downtown, The Property Provides Effortless Access To Top-Rated Schools, Stylish Boutiques, Neighbourhood Cafés, Popular Restaurants, And A Full Range Of Amenities. With Flexible Zoning And A Layout Suitable For Various Uses, The Possibilities Here Are Extensive. The Home Is Also A Short Walk To Wychwood Park And The Iconic Wychwood Barns, Further Highlighting The Area's Deep Community Roots And Ongoing Demand. This Is A Must-See Property - An Exciting Chance To Secure A Standout Asset In A Thriving Urban Neighbourhood Where Value, Visibility, And Long-Term Growth Converge.
Estimate your monthly payments for this property
Estimated Payment
$7,957.58/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 Wychwood
Wychwood 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 Wychwood
- •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
Wychwood 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.
655 St Clair Avenue, 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 $965/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 299 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.