Description

1242 Yonge Street, occupied by Waxon since 2012, is being offered for sale and presents an opportunity to acquire a well-located retail investment in the heart of Summerhill. The property is leased to a long-standing tenant that has recently executed a new long-term lease, providing stable and predictable income. Positioned on a prominent corner at Yonge Street and Walker Avenue, the property benefits from strong pedestrian traffic, direct access to Summerhill Subway Station, and close proximity to Yorkville, Rosedale, and the Yonge/Bloor corridor. The surrounding area is characterized by affluent residential neighbourhoods, established retail amenities, and ongoing residential intensification, supporting the long-term fundamentals of the location. Opportunities to acquire corner retail properties with newly renewed long-term tenancy along this stretch of Yonge Street are infrequent, making 1242 Yonge Street a noteworthy offering within one of Toronto's most established retail corridors.