242 Queen Street West, Toronto | Image 1

242 Queen Street West

Toronto, Kensington-Chinatown

  • Commercial

$X,XXX,XXX
For Sale

Added 2 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: CR3(c2;r2*2387)

  • Age: No Data

  • Taxes: 40125.43

  • MLS®#: C9385881

  • Days on Site: 4 Days

  • Added: Oct 03, 2024 (2 months ago)

  • Updated:

  • Last Checked: 4 hours ago

  • 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

Map of 242 Queen Street West, Toronto
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