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42-44 Sherbourne St
3,074 - 8,411 SF of Retail Space Available in Toronto, ON M5A 2P7
Highlights
- High exposure location
- Retail amenities nearby
- Heavy daytime foot traffic area
- Access to public transit and highway
- Heavy commercialized area
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste Ground Floor | 5,337 SF | 1-10 Years | £16.27 /SF/PA £1.36 /SF/MO £175.12 /m²/PA £14.59 /m²/MO £86,829 /PA £7,236 /MO | Triple Net | ||
| 2nd Floor, Ste Second Floor | 3,074 SF | 1-10 Years | £16.27 /SF/PA £1.36 /SF/MO £175.12 /m²/PA £14.59 /m²/MO £50,012 /PA £4,168 /MO | Triple Net |
1st Floor, Ste Ground Floor
Turnkey design space located in the heart of the King East Design District. Stunning brick-and-beam interior, perfect for a showroom or fitness use. The entire space benefits from high ceiling heights and expansive windows. Well suited for a variety of retail uses. Option to lease the ground and second floors separately. Ground Floor is 5,337 SF. Second Floor is 3,074 SF. Steps from the St. Lawrence Market, Distillery District and Downtown Core. Short Term options under 3 years are welcome. Grade level shipping with laneway access.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 8,411 SF of adjacent space
- Central Air Conditioning
- Natural light exposure
- high ceiling heights
- expansive windows
- laneway access
- Grade level shipping
2nd Floor, Ste Second Floor
Turnkey design space located in the heart of the King East Design District. Stunning brick-and-beam interior, perfect for a showroom or fitness use. The entire space benefits from high ceiling heights and expansive windows. Well suited for a variety of retail uses. Option to lease the ground and second floors separately. Ground Floor is 5,337 SF. Second Floor is 3,074 SF. Steps from the St. Lawrence Market, Distillery District and Downtown Core. Short Term options under 3 years are welcome. Grade level shipping with laneway access.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 8,411 SF of adjacent space
- Central Air Conditioning
- Natural light exposure
- high ceiling heights
- expansive windows
- laneway access
- Grade level shipping
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 42-44 Sherbourne St , Toronto, ON M5A 2P7
| Property Type | Retail | Gross Internal Area | 8,411 SF |
| Property Subtype | Storefront | Year Built | 1950 |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Internal Area | 8,411 SF |
| Year Built | 1950 |
About the Property
Commercial retail property located in Toronto, Ontario.
Nearby Major Retailers
-
Carmen Siegel -
Hannah Kinney -
Cushman & Wakefield
Presented by
42-44 Sherbourne St
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