203-209 Dundas Street West presents an opportunity to acquire a mixed-use asset in Toronto's downtown core at the prominent intersection of Dundas Street West and University Avenue. The property consists of four ground-floor retail units and three second-floor residential apartments situated on a 3,013-square-foot site with approximately 53 feet of frontage along Dundas Street West. Current occupancy is limited, creating a clear path for repositioning, lease-up, or redevelopment.
The asset benefits from immediate proximity to St. Patrick Station and direct access to the 505 Dundas streetcar route, providing strong connectivity throughout the downtown area. The location is within walking distance of Toronto Eaton Centre, OCAD University, Toronto City Hall, major hospitals, cultural venues, and employment centers that support ongoing pedestrian activity and demand for both retail and residential uses.
The second-floor residential component is currently unfinished and includes one one-bedroom-plus-den apartment and two studio units, offering future income potential upon completion. Existing retail tenancy is limited to portions of 205 and 207 Dundas Street West on month-to-month leases, while the balance of the property is vacant. In addition to its income and repositioning potential, the site has previously received approval for a minor variance permitting a proposed 12-storey mixed-use redevelopment, creating an additional avenue for future consideration.