242 Queen St W - Storefront Retail/Residential FOR SALE


Toronto, ON M5V 1Z7- Kensington-Chinatown
$3,399,000 CAD
416-359-2706
242 Queen St W, Toronto, ON for Sale
$3,399,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | 4.36% Cap Rate

242 Queen St W
Toronto, ON M5V 1Z7
Kensington-Chinatown


HIGHLIGHTS

  • Located on the most renowned block of Queen West, across from the Bell Media HQ, with best in class foot traffic and visibility
  • Stable and care free going in net income, with long standing & credit worthy tenants.
  • The property offers the opportunity to increase the retail rent by releasing the space to a new tenancy, hence adding value.
  • The two residential suites are fully leased below current market rates and on a month-to-month basis.

OVERVIEW

Situated on one of the busiest and most sought-after blocks of Queen Street West, 242 Queen Street West boasts a premier location in Toronto’s most vibrant retail and entertainment district. This three-storey mixed use property benefits from high volumes of pedestrian and vehicular traffic, making it a sought after destination for retailers and residential tenants alike. Situated directly across from Bell Media’s headquarters (think live TV exposure) and surrounded by world class retail tenants, 242 Queen St West is strategically positioned in a well established, high-density area, only poised for more growth. Queen Street West is renowned for its trendy, eclectic atmosphere, combining modern culture with heritage architecture, and 242 Queen is a prime example of the neighborhood’s charm.

FOR SALE DETAILS

PRICE

$3,399,000 CAD

PRICE/SF

$606 CAD /SF

CAP RATE

4.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1881

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CR

APN/PARCEL ID

190406507100200

ASK ABOUT THIS PROPERTY

Mike BetelCushman & WakefieldMore Info
416-359-2706

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Mike BetelCushman & WakefieldMore Info
416-359-2706

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