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137 Peter St
Toronto, ON M5V 2H3 Waterfront Communities-The Island

$2,808 - $4,414 USD/MO

Storefront For Lease  •  1,266+ SF

Property Details

  • Property Type Storefront
  • Year Built 1914
  • Total Building Size 5,245 SF
  • Tenancy Single
  • Building Class C
  • Zoning CRE
100 Transit Score
100 Walk Score

3 Spaces Available

Name Space Use Size Rent Details
Bsmt Floor Ste Retail 1,266 SF $26.62 USD/SF/YR
Fully fixtured restaurant with an incredible rooftop patio (over 1,400 SF) in the heart of Toronto's Entertainment District. Ideally located just off the Queen West shopping strip and only steps to King West. Neighbouring retailers include MEC, Northeastern University, Brandy Melville, Aritzia, Lululemon, Chick-fil-A, Timbuk2, Icebreaker, Club Monaco, Ollie Quinn and many more

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
  • In Contiguous block: 5,245 SF
1st Floor Ste Retail 1,990 SF $26.62 USD/SF/YR
Fully fixtured restaurant with an incredible rooftop patio (over 1,400 SF) in the heart of Toronto's Entertainment District. Ideally located just off the Queen West shopping strip and only steps to King West. Neighbouring retailers include MEC, Northeastern University, Brandy Melville, Aritzia, Lululemon, Chick-fil-A, Timbuk2, Icebreaker, Club Monaco, Ollie Quinn and many more

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
  • In Contiguous block: 5,245 SF
2nd Floor Ste Retail 1,989 SF $26.62 USD/SF/YR
Fully fixtured restaurant with an incredible rooftop patio (over 1,400 SF) in the heart of Toronto's Entertainment District. Ideally located just off the Queen West shopping strip and only steps to King West. Neighbouring retailers include MEC, Northeastern University, Brandy Melville, Aritzia, Lululemon, Chick-fil-A, Timbuk2, Icebreaker, Club Monaco, Ollie Quinn and many more

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
  • In Contiguous block: 5,245 SF

Description

Situated in the heart of Toronto’s vibrant Entertainment District, 137 Peter Street offers a prime retail location with exceptional foot traffic and visibility. Just steps from the most dynamic stretch of Queen Street West, home to premier fashion retailers like Lululemon, Aritzia, Club Monaco, and Brandy Melville, this address benefits from a high-density mix of locals, professionals, and tourists alike.

Directly across the street from Northeastern University’s Toronto campus, the Queen Richmond Centre, and the flagship Mountain Equipment Co-op (MEC), the property is ideally placed to capture consistent pedestrian flow from students, office workers, and destination shoppers. Just a short walk south lies King Street West, a busy corridor known for its upscale dining and nightlife.

This location also sits within close proximity to many of Toronto’s most iconic cultural and entertainment landmarks, including the CN Tower, Ripley’s Aquarium, Rogers Centre, Princess of Wales Theatre, Roy Thomson Hall, and TIFF Bell Lightbox, making it a natural draw for both local visitors and international tourists.

Highlights

The landord has possession of a liquor license and is available for use
Includes a 1,266 sq. ft. basement

Property Flyers

Amenities

  • Signage
  • Roof Terrace

Major Tenants

Tenant SF Occupied Lease End Date
Bar Hop

Public Transportation

Commuter RailDriveWalkDistance
3 min 16 min 0.8 mi
3 min 17 min 0.9 mi
Transit/SubwayDriveWalkDistance
Queen Street West at Soho Street (Queen - TTC) 0 min 1 min 0.1 mi
Queen Street West at John Street (Queen - TTC) 1 min 3 min 0.1 mi
Spadina Avenue at Queen Street West (Spadina - TTC) 1 min 3 min 0.2 mi
Queen Street West at Mccaul Street (Queen - TTC) 1 min 4 min 0.2 mi
Charlotte Street at Oxley Street (Spadina - TTC) 1 min 4 min 0.2 mi
AirportDriveWalkDistance
Billy Bishop Toronto City 8 min - 1.9 mi
Toronto Pearson International 35 min - 20.8 mi
Christopher Valela 416-662-2477 CBRE
Christopher Valela 416-662-2477 CBRE