Added 1 week ago
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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Hospitality/Food Related
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Zoning: CR3
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Age: 100+ years
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Taxes: 42284.47
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MLS®#: C11885935
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Added: Dec 08, 2024 (1 week ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: EASY LIST REALTY LTD.
For more information, please click Brochure button. This 3 storey Victorian property is located on the preferred north side and at the heart of trendy Queen St West. It sits between Spadina Ave and Bathurst St at the top of Portland St., and is across the street from Loblaws and Joe Fresh. The building has 15.75ft of prime frontage with high ceilings. A successful restaurant/bar business has operated here for at least 6 decades and the building features 2 floors with 3 licensed rooms and 2 licensed patios. Public washrooms are in the basement. The 3rd floor has 3 offices and a washroom. The total usable size of the property is 5,819 sq./ft. including the patios and basement. This property will be highly attractive to investors due to its stable and reliable potential income, attractive location, and huge foot traffic in the area. The area is well served by TTC streetcar lines on both Queen and Bathurst streets and the upcoming Ontario Subway Line with a stop at Queen and Spadina. The property was renovated in the early 1980's and the front facade was restored in 2008 in accordance with requirements of the Toronto Historical Board. The building has a liquor licence for 133 people.
Property
Status: Sale
Type: Hospitality/Food Related
Property Type: Commercial/Retail
Property Type: Retail
Age: 100+
Area: Toronto
Community: Kensington-Chinatown
Availability Date: Negotiable
Assessment Amount: $2,199,000
Assessment Year: 2024
Inside
Bathrooms: 4
Air Conditioning: Y
Washrooms: 4
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Elevator: None
Freestanding: N
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Amps: 200
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PT LT N/S Queen St PL65 City of Toronto CT21734
Taxes: $42,284
Taxes Type: Annual
Land
Cross Street: Queen St W at Portla
Municipality District: Toronto C01
Parcel Number: 212370186
Sewer: Septic Avail
Lot Depth: 141.14 Feet
Lot Frontage: 15.75 Feet
Zoning: CR3
Shipping Doors
Clearing Height (ft): 11
Commercial Specific
Rail: N
Retail Area: 5819
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 5819
Total Area Metric: Sq Ft
Hours Open: 6pm-2am
Area Influence: Public Transit
Area Influence: Subways
Days Open: 7
Franchise: N
Tangible Property Included: N
Lot Code: Building
Seats: 133
Business/Building Name: Bar Karma
Financial Statement: N
LLBO: Y
Downtown Vocal Music Academy of Toronto
Elementary: PublicALPHA Alternative Junior School
Elementary: PublicNiagara Street Junior Public School
Elementary: PublicOgden Junior Public School
Elementary: PublicSt Mary Catholic School
Elementary: CatholicRyerson Community School Junior Senior
Elementary: PublicOasis Alternative
Secondary: PublicCity School
Secondary: PublicSubway Academy II
Secondary: PublicHeydon Park Secondary School
Secondary: PublicContact Alternative School
Secondary: PublicCentral Technical School
Secondary: Public
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206 Carlton Street, Toronto, Ontario • M5A 2L1 • Cabbagetown-South St. James Town
