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JUST LISTED

462 Adelaide St E - Prime Commercial Space


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Welcome to 462 Adelaide Street East—an exceptional commercial retail space in the heart of Old Town Toronto.

Situated in a high-demand location, this property is surrounded by thousands of residential homes, corporate offices, and thriving businesses—ensuring unparalleled foot traffic and visibility. And with multiple new developments on the rise, this area is only getting busier!


Boasting 4,300 square feet of premium ground-level space, a massive patio, and over 130 feet of street frontage, this property offers maximum exposure and endless potential.


Currently home to a high-end Lebanese restaurant and lounge, this space features millions of dollars in upgrades and improvements—all available under a highly favorable lease. A true turnkey opportunity for the right investor.


This space offers flexible zoning, with endless possibilities—whether you’re envisioning a medical clinic, daycare center, financial institution, or retail storefront, this space is ready to accommodate any vision.

List Price:

$4,999,900

Key Features

  • 4300 sqft of Commercial Space
  • Over 130 feet of Frontage
  • Spacious Patio with 50+ Seating Capacity
  • Strategic Location Beneath Axiom Condos (21-story residential tower with 527 units)

  • Across from EQ Bank Tower (24-story, 450,000 sqft office building)

  • 250 meters from the future Corktown Subway Station

  • 300 meters from George Brown College Downtown Campus
  • Immediate Cash Flow: Currently tenanted by a restaurant/lounge with a strong lease in place
  • Zoning: Diverse range of uses allowed, including financial institutions, medical facilities, retail, offices, veterinary clinics, educational uses, and more.

Why This Property Stands Out:


  • Versatile Zoning & Endless Possibilities – With exceptional zoning, this space is perfect for medical offices, financial institutions, day nurseries, retail shops, and more. Whether you're launching a new business or expanding an existing one, the flexibility of this property makes it an ideal investment.

  • Prime Location & High Traffic Exposure – Situated in the heart of Toronto’s core, this property is surrounded by thousands of residential and office units, ensuring a steady flow of customers and clients. Plus, its corner frontage maximizes visibility for any business.

  • Turnkey Opportunity – Previously a restaurant with over $1 million in improvements, this space is already upgraded and ready for immediate use. Save time and money with existing high-end finishes and infrastructure in place.

  • Outdoor Patio Space – A huge patio adds even more value, offering opportunities for outdoor seating, events, or additional business use—a rare find in such a prime downtown location!

  • Prime Lease & Strong Cash Flow – This leased property offers a lucrative opportunity for the right buyer to generate steady monthly income while benefiting from property appreciation as the neighbourhood continues to grow and develop.


More Photos

Don't Miss This Exceptional Investment Opportunity

This property offers the best of both worlds—a prime location in one of Toronto's most dynamic neighborhoods combined with long-term growth potential. Whether you're looking for a high-profile address for your business or seeking to expand your real estate portfolio, this opportunity won't last long.



​​​​​​​Click on the button below for more information or to schedule a viewing.

Michael Simone

Trusted Real Estate Professional

HomeLife/ROMANO Realty Ltd., Brokerage

3500 Dufferin Street , Toronto, Ontario, M3K 1N2

info@michaelsimone.ca

(647) 882-5127

(416) 635-1232

(416) 636-0246
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