1087-1089 Queen St W - Sports and Entertainment FOR SALE


Toronto, ON M6J 1H3- South Parkdale/King West
$16,900,000 CAD
416-359-2492
1087-1089 Queen St W, Toronto, ON for Sale
$16,900,000 CAD
Sports and Entertainment - FOR SALE
1/2
null | Request Cap Rate

1087-1089 Queen St W
Toronto, ON M6J 1H3
South Parkdale/King West


HIGHLIGHTS

  • Significant historic building with comprehensive restoration that preserves original architectural details.
  • Prominent corner location with 50 feet of frontage along Queen Street West, a major Toronto thoroughfare.
  • Fully leased mixed-use asset offering event venues, office space, and hospitality tenancy.
  • Located within a vibrant cultural and commercial hub near downtown Toronto, transit, and major arterial routes.

OVERVIEW

Positioned at a high-visibility intersection in Toronto’s vibrant West Queen West corridor, 1087–1089 Queen Street West—known as The Great Hall—presents a rare opportunity to acquire a fully restored heritage property anchored in one of the city’s premier cultural and entertainment districts. Originally designed by architect Gordon & Helliwell and constructed for Toronto’s first YMCA, the building has been meticulously revitalized to blend 19th-century architectural grandeur with modern building systems. The four-story property spans more than 32,000 square feet, featuring a diverse configuration with event venues, restaurant space, and office accommodations. The interiors showcase impressive craftsmanship, including original coffered ceilings, broad wooden staircases, crystal chandeliers, restored radiators, and updated washrooms. These details collectively complement a modernized infrastructure supporting contemporary occupier requirements. From a strategic standpoint, the site offers a 50-foot frontage along Queen Street West, one of Toronto’s most dynamic urban corridors with consistent foot traffic, strong transit access, and proximity to established residential and retail communities. Future growth is reinforced by surrounding redevelopment activity and the forthcoming Ontario Line, ensuring sustained connectivity and investment upside. With flexible lease structures and projected NOI, this asset delivers a compelling proposition for investors seeking heritage character, income stability, and long-term appreciation.

FOR SALE DETAILS

PRICE

$16,900,000 CAD

PRICE/SF

$518 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1889

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

MCR T3.0 MCR T3.0

APN/PARCEL ID

190404149002700

ASK ABOUT THIS PROPERTY

Jeff LeverCushman & WakefieldMore Info
416-359-2492

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Jeff LeverCushman & WakefieldMore Info
416-359-2492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.