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224-226 Richmond St W 501 - 8,986 SF of Space Available in Toronto, ON M5V 1V6
Highlights
- Four-level retail/office space totaling 8,986 sq. ft. with internal staircase connectivity.
- Steps from Osgoode subway station and easy access to Queen Street streetcar routes.
- Open-concept interiors with large windows providing natural light and urban views.
- Located in Toronto’s Entertainment District, near major cultural and tourist destinations.
- Surrounded by office towers, luxury condos, hotels, and high-traffic retail corridors.
- Short walk to Union Station and major downtown amenities.
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 501 SF | Negotiable | $21.51 USD/SF/YR $1.79 USD/SF/MO $10,778 USD/YR $898.17 USD/MO | Triple Net (NNN) | ||
| 2nd Floor | 3,723 SF | Negotiable | $21.51 USD/SF/YR $1.79 USD/SF/MO $80,093 USD/YR $6,674 USD/MO | Triple Net (NNN) | ||
| 3rd Floor | 3,723 SF | Negotiable | $21.51 USD/SF/YR $1.79 USD/SF/MO $80,093 USD/YR $6,674 USD/MO | Triple Net (NNN) | ||
| 4th Floor | 1,039 SF | Negotiable | $21.51 USD/SF/YR $1.79 USD/SF/MO $22,352 USD/YR $1,863 USD/MO | Triple Net (NNN) |
1st Floor
224 Richmond Street West offers 8,986 sq. ft. of versatile retail and office space across four interconnected levels in the heart of Toronto’s Entertainment District. This property provides a unique opportunity for businesses seeking a highly visible and accessible location within one of the city’s most dynamic neighborhoods. The space features an internal staircase, open-concept layouts, and abundant natural light, creating an adaptable environment for a variety of uses. Positioned steps from Osgoode subway station and the Queen Street streetcar line, the property ensures seamless connectivity to Toronto’s Financial Core and surrounding districts. The area is characterized by a vibrant mix of office towers, luxury residential developments, and cultural landmarks, including the Art Gallery of Ontario, Rogers Centre, and Scotiabank Arena. This location benefits from consistent pedestrian traffic and proximity to major tourist attractions, making it an excellent choice for businesses prioritizing visibility and convenience.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Specialty Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,986 SF of adjacent space
2nd Floor
224 Richmond Street West offers 8,986 sq. ft. of versatile retail and office space across four interconnected levels in the heart of Toronto’s Entertainment District. This property provides a unique opportunity for businesses seeking a highly visible and accessible location within one of the city’s most dynamic neighborhoods. The space features an internal staircase, open-concept layouts, and abundant natural light, creating an adaptable environment for a variety of uses. Positioned steps from Osgoode subway station and the Queen Street streetcar line, the property ensures seamless connectivity to Toronto’s Financial Core and surrounding districts. The area is characterized by a vibrant mix of office towers, luxury residential developments, and cultural landmarks, including the Art Gallery of Ontario, Rogers Centre, and Scotiabank Arena. This location benefits from consistent pedestrian traffic and proximity to major tourist attractions, making it an excellent choice for businesses prioritizing visibility and convenience.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 10 - 30 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,986 SF of adjacent space
- Located in-line with other retail
3rd Floor
224 Richmond Street West offers 8,986 sq. ft. of versatile retail and office space across four interconnected levels in the heart of Toronto’s Entertainment District. This property provides a unique opportunity for businesses seeking a highly visible and accessible location within one of the city’s most dynamic neighborhoods. The space features an internal staircase, open-concept layouts, and abundant natural light, creating an adaptable environment for a variety of uses. Positioned steps from Osgoode subway station and the Queen Street streetcar line, the property ensures seamless connectivity to Toronto’s Financial Core and surrounding districts. The area is characterized by a vibrant mix of office towers, luxury residential developments, and cultural landmarks, including the Art Gallery of Ontario, Rogers Centre, and Scotiabank Arena. This location benefits from consistent pedestrian traffic and proximity to major tourist attractions, making it an excellent choice for businesses prioritizing visibility and convenience.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 10 - 30 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,986 SF of adjacent space
- Located in-line with other retail
4th Floor
224 Richmond Street West offers 8,986 sq. ft. of versatile retail and office space across four interconnected levels in the heart of Toronto’s Entertainment District. This property provides a unique opportunity for businesses seeking a highly visible and accessible location within one of the city’s most dynamic neighborhoods. The space features an internal staircase, open-concept layouts, and abundant natural light, creating an adaptable environment for a variety of uses. Positioned steps from Osgoode subway station and the Queen Street streetcar line, the property ensures seamless connectivity to Toronto’s Financial Core and surrounding districts. The area is characterized by a vibrant mix of office towers, luxury residential developments, and cultural landmarks, including the Art Gallery of Ontario, Rogers Centre, and Scotiabank Arena. This location benefits from consistent pedestrian traffic and proximity to major tourist attractions, making it an excellent choice for businesses prioritizing visibility and convenience.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 3 - 9 People
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 8,986 SF of adjacent space
- Located in-line with other retail
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 224-226 Richmond St W, Toronto, ON M5V 1V6
- Tenant
- Description
- CAN Locations
- Reach
- Yuk Yuk's
- Accommodation and Food Services
- 1
- -
| Tenant | Description | CAN Locations | Reach |
| Yuk Yuk's | Accommodation and Food Services | 1 | - |
Property Facts
| Total Space Available | 8,986 SF | Gross Leasable Area | 11,300 SF |
| Property Type | Retail | Year Built | 1955 |
| Property Subtype | Storefront |
| Total Space Available | 8,986 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 11,300 SF |
| Year Built | 1955 |
About the Property
224 Richmond Street West is located at the intersection of Toronto’s Financial Core and Entertainment District. The property spans four levels and is connected internally by a staircase. It is situated near Osgoode subway station and the Queen Street streetcar line, with additional proximity to Union Station. The surrounding area includes office buildings, residential towers, hotels, and cultural venues such as the Art Gallery of Ontario and Rogers Centre.
Nearby Major Retailers
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224-226 Richmond St W
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