506 Queen Street West, Toronto | Image 1

506 Queen Street West

Toronto, Kensington-Chinatown

  • Commercial

$250,000
For Sale

Added 5 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Bakery

  • Zoning: CR

  • Age: 51-99 years

  • MLS®#: C9511324

  • Days on Site: 140 Days

  • Added: Oct 24, 2024 (5 months ago)

  • Updated:

  • Last Checked: 2 weeks ago

  • Listed By: RE/MAX ULTIMATE REALTY INC.

READY...SET...BAKE! Fully turn-key bakery and wholesale manufacturing business featuring premium equipment and a classy cafe in the front of the space. Located right where busy Queen St W and popular Portland St meet on the ever sunny north side of the street. Seller willing to train and provide recipes. Elegant cafe area is supported by an extensive prep and baking area at the back half of the space. Large dry basement ideal for dry storage features good sized walk-in fridge with potential for additional production space. Net Rent $6,250 + $2,750 TMI. LLBO for 30 interior. Lease expires 2028 + 1x5yr Renewal. Ground floor leasable area 2,275 sqft. **EXTRAS** Tenant pays 90% of building water (approx. $800 quarterly). Monthly utilities approx. $1,500/month. Accessible washroom on main floor.

Property

  • Status: Sale

  • Type: Bakery

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 51-99

  • Area: Toronto

  • Community: Kensington-Chinatown

  • Availability Date: TBA

Inside

  • Bathrooms: 3

  • Air Conditioning: Y

  • Washrooms: 3

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

  • Volts: 208

  • Amps: 100

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes Type: T.M.I.

Land

  • Cross Street: Portland St.

  • Municipality District: Toronto C01

  • Sewer: Sanitary

  • Zoning: CR

Commercial Specific

  • Number of Employees: 5

  • Retail Area: 2275

  • Retail Area Metric: Sq Ft

  • Total Area: 2275

  • Total Area Metric: Sq Ft

  • Hours Open: 8am-8pm

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Seats: 30

  • Business/Building Name: Geste Croissant

  • Financial Statement: N

  • LLBO: Y

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