Kaija Pitt
Direct: 416-371-9447
Office: 416-960-9995
Sotheby’s Canada
1867 Yonge Street, Suite 100
Toronto ON M4S 1Y5 CA

Yorkville

Yorkville is known for its upscale shopping and dining, but in the 1960s, the neighbourhood first gained notoriety as a colourful hippie haven. Now this shopping mecca is a dynamic location, with an eclectic mix of luxury condos and apartments, commercial office towers and top-rated hotels, theatres, gourmet restaurants, and boutique shopping. Yorkville lies between Davenport Road to the north, Bloor Street to the south, Yonge Street to the east and Avenue Road to the west.


The Victorian homes in Yorkville, mostly built between 1870 and 1895, are decorated with ornamental brick patterns, gingerbread gables and cast-iron fences. Many of the homes are listed on the Toronto Historical Board’s Inventory of Heritage Properties. There are both new and older condominium projects in the area, as well as the new Four Seasons Hotel and Condominium Residences.


Bloor-Yorkville is acclaimed as Canada’s pre-eminent shopping district and includes the “Mink Mile” of internationally owned luxury brands such as Prada, Gucci, Dolce & Gabbana, Hermès and many more. A wide selection of mid-range and specialty shops, as well as numerous art galleries, make this a destination for tourists, locals, and Torontonians alike. On the edge of Yorkville, the renovated Royal Ontario Museum, the largest museum in Canada, dominates Bloor Street with its crystal-like glass and steel façade.


Yorkville’s tree-lined side streets and charming laneways offer cafés, retail shopping and green spaces, including a courtyard with seating and a metal waterfall sculpture.

Forgot password Extend Verify Contact

146 Cumberland Street
Annex Toronto M5R 1A8

$349,900 /For Sale
Commercial

Main Photo: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 1: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 2: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 3: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 4: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 5: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 6: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 7: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 8: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 9: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 10: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 11: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 12: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 13: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 14: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 15: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 16: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 17: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Photo 18: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C12219065
Bus Major:
Cafe
Presenting this rare opportunity to own a thriving, award-winning gelato business in one of Torontos most coveted neighbourhoods, Yorkville! Gemma Gelateria, offers authentic Italian gelato made with love and all-natural ingredients. With over 160 flavors including favourites like Nocciola, pistachio, and vegan options this European-style shop attracts both locals and tourists alike. Recipient of the ICCO Canada Best Gelato Award in 2022, Gemma Gelateria boasts a loyal customer base and exceptional reviews. Operating in a prime location with high foot traffic, this turnkey business is ready for a new owner to continue its success with significant growth potential.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
810 sq. ft. Square Feet
Total Area:
810 sq. ft.
Retail Area:
810 sq. ft. Sq Ft
Depth:
0'
Frontage:
100'
Bathrooms:
1.0
Water supply:
Municipal
Zoning:
CR3
Heating type:
Gas Forced Air Open
Garage:
Pay
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2024
Type Taxes:
N/A
Taxes:
$675,111 / 2025
Assessment:
$- / 2024
Toronto C02
Annex
Toronto
Public Transit
INCLUSION LIST IN HAND
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Cafe
Category:
Without Property
Franchise:
No
Hours Open:
12pm - 11pm
Employees:
4
Chattels:
Yes
LLBO:
No
Seats:
15
Date Listed:
Jun 13, 2025
Original Price:
Previous Price:
  • Photo 1: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 1 of 18
  • Photo 2: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 2 of 18
  • Photo 3: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 3 of 18
  • Photo 4: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 4 of 18
  • Photo 5: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 5 of 18
  • Photo 6: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 6 of 18
  • Photo 7: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 7 of 18
  • Photo 8: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 8 of 18
  • Photo 9: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 9 of 18
  • Photo 10: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 10 of 18
  • Photo 11: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 11 of 18
  • Photo 12: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 12 of 18
  • Photo 13: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 13 of 18
  • Photo 14: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 14 of 18
  • Photo 15: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 15 of 18
  • Photo 16: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 16 of 18
  • Photo 17: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 17 of 18
  • Photo 18: 146 Cumberland Street in Toronto: Annex Commercial for sale (Toronto C02)  : MLS®# C12219065
    Photo 18 of 18
Listed by HOMELIFE/ROMANO REALTY LTD.
Data was last updated July 20, 2025 at 06:15 AM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.