$1,537,000
$699/sq ft · 16 days on market
Strategically located in Toronto's highly sought-after Castlefield Design & Décor District, this freestanding commercial asset presents a rare opportunity for both immediate income and significant future redevelopment upside. The property is situated within Prestige Employment (PE) zoning under Former City of York By-law 1-83, permitting a wide range of uses, while supporting intensification in line with employment corridor policies. The property has a proven planning history. A Committee of Adjustment approval authorized the construction of a two-storey addition over the existing structure, confirming the City's support for increased density and built form on this site. This precedent significantly strengthens the case for future vertical expansion or redevelopment. Surrounded by a rapidly evolving mixed-use employment node and benefitting from strong arterial exposure near Dufferin Street, the site offers long-term potential for: Vertical intensification (additional storeys, subject to approvals); Multi-tenant commercial conversion; Office/showroom repositioning; Assembly with neighbouring parcels for larger-scale redevelopment. The property is currently occupied by a tenant on a month-to-month basis, providing maximum flexibility for investors, end-users, or developers to reposition or redevelop in the near term. With ongoing transformation of the Castlefield corridor and increasing demand for creative office and design-oriented commercial space, this asset represents a compelling opportunity to capitalize on both income and future land value appreciation.
1122 Castlefield Avenue
Closest publicly funded schools within 5 km, ranked by EQAO standardized test scores
R = Reading · W = Writing · M = Math · arrows show 3-year change
Top 50% of Ontario elementary schools
Top 25% of Ontario elementary schools
Arrows show 3-year change
EQAO score is the average of available reading, writing & math results, 0–100 · Source: Ontario Ministry of Education
Nearest rapid transit and bus stops
105 within a 10-min walk · 233 within 20 min · click a card to see the closest ones
Listing provided by CAPITALPLUS GROUP REALTY INC.
Based on information from the Toronto Regional Real Estate Board (TRREB). All information deemed reliable but not guaranteed and should be independently verified. The accuracy of information is not guaranteed, has not been verified, and does not constitute professional advice.
IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing or renting.
Sold and leased listing data is provided under the Virtual Office Website (VOW) data feed and is available only to registered users who have agreed to the Terms of Use. This data is for personal, non-commercial use only and may not be copied, redistributed, or retransmitted.
MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.
Data last updated: April 21, 2026 at 09:42 p.m.
R = Reading · W = Writing · M = Math · arrows show 3-year change
R = Reading · W = Writing · M = Math · arrows show 3-year change
Arrows show 3-year change
Arrows show 3-year change
Source: TTC GTFS · straight-line distances · routes shown are short names
© OpenStreetMap contributors · counts are amenities tagged in OSM within walking distance