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MLS® C12909320
Kensington-Chinatown, Toronto, ON
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.
Exclusions
No dedicated parking. Green P municipal parking lot located directly across the street.
Broker
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Neighbourhood
Kensington-Chinatown

Office
54 1/2 ST PATRICK Street Toronto
Kensington-Chinatown
Type
Office
Parking
None
Property Tax
~$24,660/yr
Heating
Gas Forced Air Closed
Rental Essentials
Parking
None
Finances
Monthly Rent
$7,995
Price per SQFT
$2.86/sqft
Property Tax
~$24,660/yr
Property Specs
Property Type
Office
MLS Size
2799 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Kensington-Chinatown
Listed On
Mar 23, 2026
Days on Market
Current: 229 days
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