640 Yonge Street, Toronto, ON M4Y 1Z8
Bay Street Corridor, Toronto · Near Yonge St. & Wellesley Ave · View map
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.
The home
- Type
- Commercial retail
- Square footage
- 968.75 sq ft
- Lot size
- 12.5 x 78 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Street
- Total parking
- None
Taxes & other
- Property taxes
- $31,627/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- Immediate
- Cross street
- Yonge St. & Wellesley Ave
- Neighbourhood
- Bay Street Corridor
More
- MLS® number
- C13247254
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
640 Yonge Street, Toronto, ON M4Y 1Z8
Bay Street Corridor, Toronto · Near Yonge St. & Wellesley Ave
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Listing history for 640 Yonge Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 640 Yonge Street
Answers come straight from this home’s MLS® listing.
How much is 640 Yonge Street listed for, and what would it cost each month?
640 Yonge Street is listed for $2,500,000. With 20% down ($500,000), the mortgage payment would be roughly $10,084 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $12,720 a month, all in. That figure is an illustration, not a quote.
Is 640 Yonge Street freehold or a condo, and is there a monthly fee?
640 Yonge Street is a commercial retail in Bay Street Corridor, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 640 Yonge Street have a garage and parking?
Yes. The listing shows the garage as street. The listing does not include a parking space.
What style of home is 640 Yonge Street?
640 Yonge Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 640 Yonge Street, and what is the lot size?
The lot is listed as 12.5 x 78 ft.
How is 640 Yonge Street heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 640 Yonge Street?
Property taxes are $31,627 a year (2025), or about $2,636 a month.
Where is 640 Yonge Street?
640 Yonge Street is in the Bay Street Corridor community of Toronto. The nearest main intersection is Yonge St. & Wellesley Ave. The postal code is M4Y 1Z8.
Is 640 Yonge Street still for sale?
Yes. It is an active listing (MLS® C13247254). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 640 Yonge Street asking?
Similar properties for sale nearby right now include 3221 Yonge Street at $2,495,000, 1068 Yonge Street at $2,595,000 and 666 Yonge Street at $2,800,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 640 Yonge Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 640 Yonge Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Commercial retail$2,800,000666 Yonge Street, TorontoBay Street CorridorCourtesy of: RIGHT AT HOME REALTYView home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.