Added 2 months ago
-
Type: Commercial/Retail
-
Property Type: Commercial
-
Zoning: CR 3.0 (C2.0; R2
-
Age: No Data
-
Taxes: 19.65
-
MLS®#: C9507030
-
Added: Oct 23, 2024 (2 months ago)
-
Updated:
-
Last Checked: 4 hours ago
-
Listed By: SOTHEBY`S INTERNATIONAL REALTY CANADA
Situated in the heart of Toronto's bustling Queen West neighbourhood, renowned for its vibrant arts and culture scene, shops, and hyped nightlife, 550 Queen St West offers a prime hospitality/retail opportunity. The versatile second-floor space offers 2,685 sq ft (approx) of customizable area with ample room for a bespoke restaurant, bar, retail or service-based business layout; includes areas for storage, office, staff room and dedicated customer restrooms. A dedicated street entrance with a flight of stairs leads to an exclusive second-floor presence. Large front-facing windows enhance visibility of the well-maintained premises. Currently fit out as a bar/lounge with booth seating, 2 bars, a dance floor, 4 washrooms, and a transferable liquor license. This second-floor space is easily adaptable for tenant-specific requirements and branding. Ideally positioned to capture the area's high pedestrian and vehicular traffic, presenting a unique chance for entrepreneurs or retailers looking to immerse themselves in one of the city's most sought-after districts. The high-density area with a continuous stream of local and tourist foot traffic, especially during evenings and weekends, makes this location ideal for a destination restaurant/bar or boutique retail. Located among restaurants, bars, independent retailers and anchored by CB2, LCBO, Loblaws, Joe Fresh, Winners. Close to multiple transit options.
Extras
Transferable liquor license. Net lease. $19.65 TMI psf. Hydro, gas and water additional.
Property
Status: Lease
Property Type: Commercial/Retail
Property Type: Retail
Area: Toronto
Community: Kensington-Chinatown
Availability Date: TBA
Inside
Bathrooms: 4
Air Conditioning: Y
Washrooms: 4
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Forced Air Open
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Street
Fees
Tax Year: 2024
Taxes: $20
Taxes Type: T.M.I.
Land
Cross Street: Queen W + Bathurst
Municipality District: Toronto C01
Parcel Number: 212370111
Lot Depth: 127 Feet
Lot Frontage: 22.5 Feet
Zoning: CR 3.0 (C2.0; R2
Shipping Doors
Clearing Height (ft): 9
Clearing Height (in): 6
Commercial Specific
Retail Area: 88
Retail Area Metric: %
Sprinklers: N
Terms: 60
Total Area: 2685
Total Area Metric: Sq Ft
Minimum Rental Months: 60
Office Size: 12
Office Size Metric: %
Lot Code: Lot
Seats: 153
LLBO: Y
Downtown Vocal Music Academy of Toronto
Elementary: PublicALPHA Alternative Junior School
Elementary: PublicNiagara Street Junior Public School
Elementary: PublicCharles G Fraser 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
