How can Zara help?Zara · AI virtual agent · 24/7 · free
Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Springwater
About 56 Yonge Street South
Turn-Key Commercial Opportunity in Elmvale Exceptional all-brick commercial building in an excellent, high-traffic Elmvale location. This well-maintained property offers 17 parking spaces, an outdoor deck, and a covered porch, making it an ideal setting for a restaurant, retail business, or other commercial venture.The upper level features a spacious retail area, two bathrooms, and included restaurant equipment. The fully finished lower level offers a walk-in cooler, walk-in freezer, three-piece bathroom, large storage room, and furnace/utility room. Previously home to a Mr. Sub restaurant, the property is currently operating as BUB's Greek Street Food and is in excellent condition. With its versatile layout, generous parking, and turn-key setup, this is a fantastic opportunity for an owner-operator or investor. Call today to learn more or arrange a viewing.
Springwater retail priced at $599,900 — book a tour to see if it fits your search.
Inside 56 Yonge St S
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
56 Yonge St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S14112650$599,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 56 Yonge St S Compares to the Springwater Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 56 Yonge St S
Homes for sale in Springwater
Every active Springwater MLS® listing, updated all day.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings237Homes for sale here right now.
Median vs prior 90 days+2.9%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 128 sales from Jul 25 – Oct 23, 2026 (77 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 56 Yonge St S
How much is 56 Yonge St S listed for?
56 Yonge St S is listed at $599,900 (MLS® S14112650). Summitly updates the price as soon as the MLS® record changes.
Has the price of 56 Yonge St S changed?
No — 56 Yonge St S is still listed at its original asking price of $599,900.
How many bedrooms and bathrooms does 56 Yonge St S have?
The listing for 56 Yonge St S doesn't publish its bedroom and bathroom count. It is a commercial property in Springwater.
How does 56 Yonge St S compare with other homes in Springwater?
Its asking price of $599,900 is about 33% below the median sold price in Springwater over the last 90 days, $889,950, across 128 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 56 Yonge St S been sold before?
Summitly has no earlier MLS® sale or lease of 56 Yonge St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 56 Yonge St S?
56 Yonge St S is in Springwater, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 56 Yonge St S been on the market?
1 day — 56 Yonge St S was listed on October 22, 2026.
What is the land transfer tax on 56 Yonge St S?
About $8,473 in Ontario land transfer tax at the asking price of $599,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 56 Yonge St S or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 56 Yonge St S?
The listing for 56 Yonge St S doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Springwater.
When was 56 Yonge St S built?
The listing for 56 Yonge St S doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.