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137 Peter St 1,266 - 5,245 SF of Retail Space Available in Toronto, ON M5V 2H3
HIGHLIGHTS
- The landord has possession of a liquor license and is available for use
- Includes a 1,266 sq. ft. basement
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Basement | 1,266 SF | Negotiable | $26.64 USD/SF/YR $2.22 USD/SF/MO $33,725 USD/YR $2,810 USD/MO | Triple Net (NNN) | ||
| 1st Floor | 1,990 SF | Negotiable | $26.64 USD/SF/YR $2.22 USD/SF/MO $53,011 USD/YR $4,418 USD/MO | Triple Net (NNN) | ||
| 2nd Floor | 1,989 SF | Negotiable | $26.64 USD/SF/YR $2.22 USD/SF/MO $52,985 USD/YR $4,415 USD/MO | Triple Net (NNN) |
Basement
Fully fixtured restaurant with an incredible rooftop patio (over 1,400 SF) in the heart of Toronto's Entertainment District. Ideally located just off the Queen West shopping strip and only steps to King West. Neighbouring retailers include MEC, Northeastern University, Brandy Melville, Aritzia, Lululemon, Chick-fil-A, Timbuk2, Icebreaker, Club Monaco, Ollie Quinn and many more
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,245 SF of adjacent space
1st Floor
Fully fixtured restaurant with an incredible rooftop patio (over 1,400 SF) in the heart of Toronto's Entertainment District. Ideally located just off the Queen West shopping strip and only steps to King West. Neighbouring retailers include MEC, Northeastern University, Brandy Melville, Aritzia, Lululemon, Chick-fil-A, Timbuk2, Icebreaker, Club Monaco, Ollie Quinn and many more
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,245 SF of adjacent space
2nd Floor
Fully fixtured restaurant with an incredible rooftop patio (over 1,400 SF) in the heart of Toronto's Entertainment District. Ideally located just off the Queen West shopping strip and only steps to King West. Neighbouring retailers include MEC, Northeastern University, Brandy Melville, Aritzia, Lululemon, Chick-fil-A, Timbuk2, Icebreaker, Club Monaco, Ollie Quinn and many more
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,245 SF of adjacent space
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 broker 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.
SELECT TENANTS AT 137 PETER ST, TORONTO, ON M5V 2H3
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- Bar Hop
- Liquor
- 3
- Local
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| Bar Hop | Liquor | 3 | Local |
PROPERTY FACTS
| Total Space Available | 5,245 SF | Gross Leasable Area | 5,245 SF |
| Property Type | Retail | Year Built | 1914 |
| Property Subtype | Storefront |
| Total Space Available | 5,245 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,245 SF |
| Year Built | 1914 |
ABOUT THE PROPERTY
Situated in the heart of Toronto’s vibrant Entertainment District, 137 Peter Street offers a prime retail location with exceptional foot traffic and visibility. Just steps from the most dynamic stretch of Queen Street West, home to premier fashion retailers like Lululemon, Aritzia, Club Monaco, and Brandy Melville, this address benefits from a high-density mix of locals, professionals, and tourists alike. Directly across the street from Northeastern University’s Toronto campus, the Queen Richmond Centre, and the flagship Mountain Equipment Co-op (MEC), the property is ideally placed to capture consistent pedestrian flow from students, office workers, and destination shoppers. Just a short walk south lies King Street West, a busy corridor known for its upscale dining and nightlife. This location also sits within close proximity to many of Toronto’s most iconic cultural and entertainment landmarks, including the CN Tower, Ripley’s Aquarium, Rogers Centre, Princess of Wales Theatre, Roy Thomson Hall, and TIFF Bell Lightbox, making it a natural draw for both local visitors and international tourists.
- Signage
- Roof Terrace
NEARBY MAJOR RETAILERS
CONTACTS
-
Christopher Valela -
Jackson Turner -
Arlin Markowitz -
Emily Everett -
Alex Edmison -
CBRE
Presented by
137 Peter St
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