587-589 College Street

ActiveDowntown Toronto / Waterfront · Trinity-Bellwoods24 days on marketMLS® C13839784

$4,950,000

$570 / sq ft

Bedrooms0

Bathrooms0

Interior8,677 sq ft

Lot Size4,391 sq ft

TypeCommercial

ListingFor Sale

Days on Market24

About this property

Rare opportunity to acquire two abutting mixed-use buildings at 587 and 589 College Street, in the heart of Little Italy on one of Toronto's most historic, proven and established streets. Steps from Clinton Street, this stretch of College has drawn diners, residents and visitors for generations, delivering the consistent foot traffic that keeps quality tenants in place. 587 College offers approx. 7,011 sq ft over three levels, and 589 College offers approx. 1,666 sq ft over two levels. Both main floors are anchored by established dining tenants. 587 is home to Dish Cooking Studio, a long-standing Toronto cooking school, cafe and event venue, with significant capital improvements on the main floor and a fully equipped commercial kitchen, no expense spared. 589 is home to Tav's Resto Bar, a rustic Italian pizzeria and gnocchi bar from the Taverniti Group. The second floor of 587 (approx. 2,365 sq ft) is brand new, fully permitted and finished to a premium standard. Configured as student accommodation, it offers five bedrooms (from 9'10" x 15'7" to 10'5" x 18'8"), a kitchen with centre island, dining room, living room fronting College Street, two bathrooms with showers and three additional washrooms. Currently vacant, the space offers real flexibility: lease it to students for immediate income, or occupy it as professional offices for an architecture, law, accounting, design or marketing firm while the ground-floor tenants carry the building. A true investor or owner-occupier opportunity, with the 506 streetcar at the door and minutes to the University of Toronto, Kensington Market and downtown.

Features & finishes

Air Conditioning

Basement

Property details

MLS® Number	C13839784
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	8,677 sq ft
Lot Size	4,391 sq ft
Beds / Baths	0 bed · 0 bath
Property Taxes (2026)	$70,808
Neighbourhood	Trinity-Bellwoods
City	Downtown Toronto / Waterfront
Postal Code	M6G 1B2
Province	ON
Listed Date	September 29, 2026
Days on Market	24
Price per Sq Ft	$570
Brokerage	METROGLOBE REALTY BROKERAGE CORP.