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828-832 Bay St 828-832 Bay St 2,562 SF of Retail Space Available in Toronto, ON M5S 1B1
Highlights
- Turnkey restaurant space benefiting from established co-tenancy in a high-traffic district.
- Immediate proximity to major hospitals, Queen’s Park, and institutional campuses.
- Surrounded by dense residential towers and active daytime office population.
- Prominent Bay Street frontage offering strong visibility to constant pedestrian flow.
- Steps from subway access providing convenient customer and employee connectivity.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 828 | 2,562 SF | Negotiable | $54.81 USD/SF/YR $4.57 USD/SF/MO $140,419 USD/YR $11,702 USD/MO | Triple Net (NNN) |
1st Floor, Ste 828
Located in the heart of Toronto’s renowned Discovery District, 828 Bay Street offers an exceptional retail opportunity within one of the city’s highest-demand urban corridors. This fully fixtured restaurant space delivers a turnkey advantage for operators seeking immediate market presence in an area defined by unmatched daily foot traffic, established co-tenancy, and extraordinary institutional adjacency. Positioned just one block from the vibrant Bay and College intersection, the site is surrounded by a dense blend of high-rise residential and office towers, providing built-in visibility to a dynamic population of residents, professionals, students, and visitors. The property benefits from an impressive lineup of synergistic neighbouring retailers including Nando’s Chicken, Farm Boy, Au Pain Doré, and Running Room, enhancing both brand exposure and destination appeal for incoming tenants. Its strategic location adjacent to Hospital Row, Queen’s Park, and the MaRS Discovery District places it within immediate reach of thousands of daily workers and visitors who rely on convenient, well-placed retail and dining options. Transit accessibility further elevates the asset’s value, with both College and Wellesley subway stations situated within a comfortable walking distance, connecting the site to the broader downtown network and surrounding neighbourhoods. Prominent Bay Street frontage enhances the property’s street presence, creating opportunities for impactful signage and strong customer capture. This rare availability within Toronto’s bustling urban core offers significant potential for operators aiming to establish or expand a flagship presence. With proximity to leading educational, medical, research, and governmental nodes, the space is well positioned to serve a diverse customer base in a consistently active environment. Retailers seeking a premier, pedestrian-oriented location with meaningful co-tenancy and continual demand will find 828 Bay Street an exceptional fit.
- 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
- Fully fixtured restaurant
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 828-832 Bay St
- Tenant
- Description
- CAN Locations
- Reach
- Browne's Contracting
- Paint/Wallpaper
- 1
- -
- D Spot
- Restaurant
- 48
- National
- Mt. Fuji Sushi
- Restaurant
- 1
- -
- N15 Salon
- Salon/Barber/Spa
- 4
- Local
- Nando's
- Restaurant
- 48
- International
| Tenant | Description | CAN Locations | Reach |
| Browne's Contracting | Paint/Wallpaper | 1 | - |
| D Spot | Restaurant | 48 | National |
| Mt. Fuji Sushi | Restaurant | 1 | - |
| N15 Salon | Salon/Barber/Spa | 4 | Local |
| Nando's | Restaurant | 48 | International |
Property Facts
| Total Space Available | 2,562 SF | Gross Leasable Area | 20,000 SF |
| Property Type | Retail | Year Built/Renovated | 1925/2013 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 2,562 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 20,000 SF |
| Year Built/Renovated | 1925/2013 |
Features and Amenities
- Bus Line
- Air Conditioning
Nearby Major Retailers
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828-832 Bay St | 828-832 Bay St
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