Added 1 month ago
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Type: Commercial/Retail
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Property Type: Commercial
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Zoning: CR3(c2;r2*2387)
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Age: No Data
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Taxes: 40125.43
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MLS®#: C9385881
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Days on Site: 4 Days
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Added: Oct 03, 2024 (1 month ago)
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Updated:
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Last Checked: 7 hours ago
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Listed By: CUSHMAN & WAKEFIELD
Landmark investment opportunity in the heart of Toronto's vibrant Queen W shipping district. Direct sightlines to Bell Media HQ for premium visibility & foot traffic. Retail is leased to Dragon Vape, Canada's largest e-cigarette retailer, w. flexible mid-length lease, historically the retail space has attracted notable tenants including: John Fluevog & Wine Rack @ premium retail rents. Upper levels feature two large semi-attached 3-bedroom apts. Flexibility to reconfigure the existing resi units for large lift on rents. All residential leases month-to-month. Well-maintained building. Size does not include high & dry basement. Large rear parking area + double-door shipping. Significant potential for expansion with unused lot area. All leases are below market rent & feature flexible term-a compelling opportunity for value-add through lease adjustments & strategic repositioning. Residential leases are below market & month-to-month. 2 self-contained units. 3rd floor is currently accessed via 2nd floor unit. Potential to combine as large 2 floor 6 bed apt or reconfigure. Large single storey rood deck at rear. Charming heritage building.
Property
Status: Sale
Property Type: Commercial/Retail
Property Type: Multi-Use
Area: Toronto
Community: Kensington-Chinatown
Availability Date: Immediate
Inside
Air Conditioning: Part
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Lane
Fees
Tax Year: 2024
Tax Legal Description: PT PARKLT 13 CON 1 FTB TWP OF YORK AS IN CA105297; CITY OF TORON
Taxes: $40,125
Taxes Type: Annual
Land
Cross Street: Queen Street W betwe
Municipality District: Toronto C01
Parcel Number: 212070067
Sewer: San+Storm
Lot Depth: 120 Feet
Lot Frontage: 17.06 Feet
Zoning: CR3(c2;r2*2387)
Commercial Specific
Shipping Doors Drive In Level: 1
Shipping Doors Double Man: 1
Retail Area: 1570
Retail Area Metric: Sq Ft
Sprinklers: Part
Total Area: 3870
Total Area Metric: Sq Ft
Office Size: 2300
Office Size Metric: Sq Ft
Lot Code: Lot
Downtown Vocal Music Academy of Toronto
Elementary: PublicALPHA Alternative Junior School
Elementary: PublicBeverley School
Elementary: PublicOgden Junior Public School
Elementary: PublicOrde Street Public School
Elementary: PublicRyerson Community School Junior Senior
Elementary: PublicSt Michael's Choir (Sr) School
Secondary: CatholicOasis Alternative
Secondary: PublicSubway Academy II
Secondary: PublicHeydon Park Secondary School
Secondary: PublicContact Alternative School
Secondary: PublicSt Joseph's College School
Secondary: Catholic
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52 Wellesley Street East, Toronto, Ontario • M4Y 0C8 • Church-Yonge Corridor
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66 Amelia Street, Toronto, Ontario • M4X 1E1 • Cabbagetown-South St. James Town
