$7,995 Net Lease
FOR LEASE

Office

Lot: 13.5 x 120 ft
2025 Taxes: $24,660

54 1/2 ST PATRICK St
Toronto, ON M5T 1V1 | Kensington-Chinatown

A rare feature for a downtown property, the building also includes a private backyard space, offering a unique outdoor area for staff use or informal meetings. Offered at $7,995 net monthly (approximately $46 psf annually based on above-grade area). Rare opportunity to lease an entire free-standing commercial building in the heart of downtown Toronto, just steps from University Avenue, Queen Street West, OCAD University, major hospitals and the Financial District. The property offers multiple levels of character office space with a flexible layout suited to a variety of professional, creative, studio or service-based uses. Well distributed across three above-grade levels, the building provides a practical mix of private offices and open work areas, allowing for flexible team configurations. A rare feature for a downtown property, the building also includes a private backyard space, offering a unique outdoor area for staff use or informal meetings. Additional lower-level space provides flexibility for storage, breakout areas or supplementary workspace. Recently updated exterior and modernized interior spaces provide a distinctive alternative to traditional office buildings. Excellent downtown accessibility with TTC nearby and a convenient Green P municipal parking lot located directly across the street. A unique opportunity for a business seeking a private standalone workspace in one of Toronto's most vibrant downtown neighbourhoods.
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Listed By ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C12909320
Last Updated Apr 30, 2026
Property Summary
Property Type Office

More like this:
Legal Description LT 4 PL 74E TORONTO ; S/T INTEREST IN CT765824; CITY OF TORONTO
Possession Date FLEXIBLE
Taxes (2025) $24,660
Directions/Cross Streets Queen St W & University Ave
Neighbourhood Kensington-Chinatown
Area Toronto
Price History

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Detailed Information
Freestanding Y
Lot 13.5 x 120 ft
Air Conditioning Yes
Garage Type None
Heat Type Gas Forced Air Closed

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