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555 Davenport Rd 65,360 SF 100% Leased Office Building Toronto, ON M5R 3R6 $19,713,498 USD ($301.61 USD/SF)
Investment Highlights
- Highly visible freestanding corner building in Casa Loma within walking distance of Dupont Station and minutes to Toronto’s Financial District.
- Established planning framework with approvals secured for a 10-storey mixed-use project with 168 residential units in a strong infill location.
- On-site parking, elevator service and a drive-in door enhance accessibility and functionality for both current use and future configurations.
- Short-term income in place from Liberty Entertainment while preserving flexibility for owner-occupier repositioning or phased redevelopment strategies
- Surrounded by some of Toronto’s most affluent neighbourhoods, including Rosedale, Summerhill and Forest Hill.
- Excellent access to retail, dining and parkland amenities and Toronto's downtown core.
Executive Summary
555 Davenport Road presents a rare opportunity to secure a fully controlled urban infill asset in one of Toronto’s most coveted midtown neighbourhoods. Ideally positioned at the corner of Davenport Road and Kendal Avenue in Casa Loma, the property offers a prominent freestanding building with on-site parking in a walkable, transit-oriented setting steps from Dupont Station on Line 1. This central location connects efficiently to the Downtown Financial District, Union Station and leading academic institutions including George Brown’s Casa Loma Campus, the University of Toronto and Toronto Metropolitan University.
Historically occupied by George Brown College for its School of Dental Health, School of Health & Wellness, School of Health Services Management and Interprofessional Learning Clinic, the building benefits from robust institutional infrastructure and highly functional multi-level floor plates that lend themselves to a range of future uses. Today, all floors are leased on a short-term basis to Liberty Entertainment for storage and workshop functions that support operations at nearby Casa Loma, providing interim holding income while preserving long-term optionality for an owner-occupier or value-add investor.
The property is further enhanced by its planning status. Existing approvals support a 10-storey mixed-use development program with 168 residential units over an approved gross floor area of 139,952 square feet, offering a clearly defined path to future intensification within a highly established, amenity-rich residential context that includes Rosedale, Summerhill and Forest Hill. Surrounding retail and lifestyle amenities include national grocers, daily needs services and destination dining, with convenient connectivity to Toronto’s broader employment base and regional transportation network.
Offered at $27,000,000 for a 100% freehold interest, 555 Davenport Road combines an exceptional infill location, flexible existing improvements and meaningful redevelopment entitlements, positioning the asset as a compelling opportunity for users and investors seeking long-term value in midtown Toronto.
Historically occupied by George Brown College for its School of Dental Health, School of Health & Wellness, School of Health Services Management and Interprofessional Learning Clinic, the building benefits from robust institutional infrastructure and highly functional multi-level floor plates that lend themselves to a range of future uses. Today, all floors are leased on a short-term basis to Liberty Entertainment for storage and workshop functions that support operations at nearby Casa Loma, providing interim holding income while preserving long-term optionality for an owner-occupier or value-add investor.
The property is further enhanced by its planning status. Existing approvals support a 10-storey mixed-use development program with 168 residential units over an approved gross floor area of 139,952 square feet, offering a clearly defined path to future intensification within a highly established, amenity-rich residential context that includes Rosedale, Summerhill and Forest Hill. Surrounding retail and lifestyle amenities include national grocers, daily needs services and destination dining, with convenient connectivity to Toronto’s broader employment base and regional transportation network.
Offered at $27,000,000 for a 100% freehold interest, 555 Davenport Road combines an exceptional infill location, flexible existing improvements and meaningful redevelopment entitlements, positioning the asset as a compelling opportunity for users and investors seeking long-term value in midtown Toronto.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
65,360 SF
Building Class
C
Year Built
1930
Price
$19,713,498 USD
Price Per SF
$301.61 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
21,667 SF
Building FAR
2.68
Lot Size
0.56 AC
Zoning
RA
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (83)
Bike Score®
Very Bikeable (80)
Contacts
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Jeff Lever -
Matthew McTavish -
Brian Opoku-Serebour -
Mike Murray -
Cushman & Wakefield
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555 Davenport Rd
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