Located in the heart of Midtown Toronto, 2161 Yonge Street represents a rare opportunity to acquire a newly constructed, freehold Class A office property in one of the city’s most transit-connected and amenity-rich nodes. Positioned steps from the iconic Yonge & Eglinton intersection, this commercial asset offers scale, flexibility, and future optionality that is increasingly difficult to find in Toronto’s core.
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Register NowLocated in the heart of Midtown Toronto, 2161 Yonge Street represents a rare opportunity to acquire a newly constructed, freehold Class A office property in one of the city’s most transit-connected and amenity-rich nodes. Positioned steps from the iconic Yonge & Eglinton intersection, this commercial asset offers scale, flexibility, and future optionality that is increasingly difficult to find in Toronto’s core.
With approximately 87,000 square feet of premium office space, the property can be acquired as a single asset or divided into smaller strata-style office condominium units, subject to final conversion. The builder is actively working toward this condo office structure, opening the door to both institutional buyers and owner-users seeking long-term control.
2161 Yonge Street forms the commercial podium of a best-in-class mixed-use development by Tribute Communities and Tenblock Developments, designed by Graziani + Corazza Architects. The office component spans Levels 2 through 6 of the building and benefits from a dedicated commercial entrance, private elevators, and separation from the residential portion above.
The result is a modern, efficient office environment with the infrastructure, ceiling heights, and glazing expected of top-tier urban office assets.
Unlike most office opportunities in Midtown Toronto, this asset is fully freehold. Buyers have the option to acquire the entire building or pursue individual floors or smaller units once the office condominium conversion is completed. This flexibility supports multiple investment strategies, including long-term hold, partial disposition, or end-user occupancy.
The property offers up to approximately 86,763 square feet of total rentable office area, distributed efficiently across five floors.
• 2nd Floor: ~17,356 SF
• 3rd Floor: ~17,411 SF
• 4th Floor: ~17,411 SF
• 5th Floor: ~17,273 SF
• 6th Floor: ~17,312 SF
Each floor provides highly functional layouts suitable for single-tenant occupancy or subdivision into multiple office units, making the asset adaptable to a wide range of business needs.
The builder is in the process of working toward converting the office space into smaller office condominium units. This creates an opportunity for buyers seeking strata ownership in a prime Midtown location, a product type with limited supply and strong long-term demand.
The property is currently offered without a formal asking price. Market guidance is approximately ± $600 per square foot, depending on deal structure, unit size, and purchase configuration.
This pricing framework allows flexibility for negotiations involving full-building acquisitions, floor purchases, or future strata units.
Purchasers may acquire:
• The full 87,000 SF freehold office component
• Individual full floors of approximately 17,300 SF
• Smaller office condo units, subject to final approvals
This optionality makes the property suitable for institutional investors, private capital, medical groups, professional firms, and owner-occupiers.
The property is located less than 100 metres from Eglinton Station on TTC Subway Line 1, offering direct access to Downtown Toronto, the Financial District, and major employment hubs. In addition, the upcoming Eglinton Crosstown LRT (Line 5), targeted for completion in 2025, will further enhance east-west connectivity across the city.
This level of transit access significantly reduces commute friction for employees and visitors alike.
With a near-perfect Walk Score and Transit Score, 2161 Yonge Street sits within walking distance of everyday essentials and premium amenities. Surrounding amenities include Farm Boy, Staples, Sporting Life, Cineplex, LCBO, fitness centres, cafés, restaurants, and professional services.
More than a dozen parks, trails, and recreational facilities are located nearby, contributing to Midtown’s reputation as one of Toronto’s most livable urban districts.
• 12-foot ceiling heights
• Large windows with a mix of operable and fixed glazing
• Abundant natural light across all floors
• Efficient floor plates with flexible planning
Operable windows are a rare feature in Toronto office buildings and provide enhanced ventilation and workplace comfort.
• Separate commercial entrance and lobby
• Private elevators serving Levels 2–6
• 24-hour concierge and security
• Full control over commercial spaces
This separation ensures that office users retain autonomy and a professional identity independent of the residential tower.
• Up to 40 on-site vehicle parking spaces (subject to negotiation)
• 20 short-term bicycle parking spaces
• 17 long-term bicycle parking spaces
Parking availability in this transit-oriented location enhances the appeal for medical, professional, and institutional users who still require vehicle access.
The property benefits from CR zoning, allowing a wide range of commercial uses as-of-right, with additional uses permitted subject to conditions.
• Office and professional services
• Medical and dental offices
• Financial institutions
• Education and training facilities
• Wellness centres and clinics
• Software and technology firms
• Studios, galleries, and creative uses
This zoning flexibility supports long-term adaptability as market demand evolves.
Freehold and strata office opportunities in Yonge & Eglinton are extremely limited. This asset provides control, scale, and future liquidity options that leased office space cannot match.
Midtown Toronto continues to benefit from major transit investment, dense residential growth, and sustained demand for well-located office space. The combination of transit access, walkability, and modern construction positions 2161 Yonge Street as a resilient long-term asset.
Buyers can hold long term, occupy, sell individual units, or reposition the asset as office condos, creating flexibility rarely found in a single acquisition.
2161 Yonge Street offers approximately 87,000 square feet of newly constructed, freehold Class A office space in the heart of Midtown Toronto. With the ability to purchase the entire asset or smaller office units, unpriced guidance around ± $600 per square foot, exceptional transit access, and strong zoning flexibility, this property stands out as a compelling commercial real estate opportunity at Yonge & Eglinton.
For investors and end-users seeking long-term control in one of Toronto’s most established urban nodes, this offering deserves serious consideration.
300 Richmond St W #300, Toronto, ON M5V 1X2
inquiries@Condoy.com
(416) 599-9599
We are independent realtors® with Home leader Realty Inc. Brokerage in Toronto. Our team specializes in pre-construction sales and through our developer relationships have access to PLATINUM SALES & TRUE UNIT ALLOCATION in advance of the general REALTOR® and the general public. We do not represent the builder directly.
