The former Citytv and Olympic Spirit Toronto building has been put on the market, with a hefty price tag of $34,500,000. Situated at 33 Dundas Street East, this property spans 56,514 square feet across a 0.19-acre lot, strategically located in the bustling heart of downtown Toronto. Annual property taxes for this prime location are assessed at approximately $402,056.
According to an MLS listing by real estate broker Colliers, representing the owner Rogers Communications Inc., the building is described as a “rare opportunity” to acquire a modern retail and office space that boasts a rich history. Its proximity to the Dundas subway station and the renowned Eaton Centre further enhances its appeal for potential buyers.
The building has a noteworthy history. It became the new home for Citytv after Rogers Communications purchased the site in 2009, relocating the CityNews and OMNI studios there. Prior to this, the location served as the Olympic Spirit Toronto building, a themed attraction that operated from 2004 to 2006, celebrating the spirit of the Olympic Games.
The property features an abundant influx of natural light, a rooftop deck providing westward views over the square, and excellent visibility for many of the city's spectacular cultural events held nearby. The listing emphasizes the building’s unparalleled downtown location, offering direct transit access and proximity to a growing professional talent pool. With these advantageous attributes, 33 Dundas Street East is positioned as a promising investment prospect in a high-demand, mixed-use urban district with robust long-term growth fundamentals.
Rogers Communications, the parent company of CityNews, is marketing this property as an investment opportunity, highlighting its potential to attract various businesses interested in establishing a presence in one of Toronto's most vibrant areas. The historical significance of the building, combined with its modern amenities and strategic location, accentuates its desirability in the competitive real estate market.
With Toronto's downtown area on the rise, prospective buyers are likely to view this offering as not merely a property acquisition, but as a chance to invest in the future of a thriving urban landscape, making 33 Dundas Street East a noteworthy listing for potential investors and developers alike.
