512 Queen St W - Storefront Retail/Residential FOR SALE


Toronto, ON M5V 2B3- Kensington-Chinatown
$3,800,000 CAD
416-606-2216
512 Queen St W, Toronto, ON for Sale
$3,800,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | 4.1% Cap Rate

512 Queen St W
Toronto, ON M5V 2B3
Kensington-Chinatown


HIGHLIGHTS

  • Public transit
  • Lots of natural light
  • Heavy foot traffic
  • Heavy day time traffic

OVERVIEW

This 3 storey Victorian property is located on the preferred north side and at the heart of trendy Queen St West. It sits between Spading 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. The 3rd floor has 3 offices and a washroom, 2 licensed patios, 3 licensed dining rooms with a liquor license. 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 income/tenant, attractive location, and huge foot traffic in the area. We are offering a 3% commission rate to the buyer's agent on the sale of this property. We have owned the building for over 40 years and now wish to sell to simplify our investments.

FOR SALE DETAILS

PRICE

$3,800,000 CAD

PRICE/SF

$653 CAD /SF

CAP RATE

4.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,223 SF

ZONING

CR

APN/PARCEL ID

190406529003200

ASK ABOUT THIS PROPERTY

David DrewetteDavid DrewetteMore Info
416-606-2216

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David DrewetteDavid DrewetteMore Info
416-606-2216

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