$2,999,000
Est. payment /mo
3,900 SqFt
New
566 Queen ST W Toronto C01, ON M5V 2B5
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $768
Subdivision Kensington-Chinatown
MLS Listing ID C12435231
Annual Tax Amount $36,870
Tax Year 2024
Property Sub-Type Investment
Property Description
Prime Street Front Investment Opportunity Situated In The Heart Of Queen Street West, One Of Toronto's Mot Vibrant Retail Thoroughfares. Ideal For Investors Looking To Establish A Presence In One Of Toronto's Most Prestigious Neighborhoods. This Versatile Mixed-Use Property Offers Excellent Street Front Exposure, Premium Area Amenities, A Well Maintained Commercial Storefront, And Spacious Renovated Residential Units With A Touch Of Charm. Ground Floor Retail Space Currently Operating As A Bar And Restaurant Equipped With Liquor License. All Bar And Restaurant Equipment Is Owned By The Seller And Can Be Included In The Sale As A Turn-Key Operation. Current Commercial Tenant Is On A 5+5 Year Lease Term However, Buyer To Assume Existing Commercial Tenant. 2nd Floor Consists Of 3 Spacious 1Bdrm Residential Units With Front And Rear Entrances To The Building. All Residential Units Have Been Vacated For Selling Purposes. Basement Is Approximately 2000sqft Equipped With Front And Rear Access Points To Retail Space. Roof Replaced With Up To Date Rubber Material In 2018. Electrical 400 AMPS. All Residential Units Have Newly Installed Double Pump Mitsubishi Hearing Units. 5 Hydro Meters On Premises (Residential Units, Ground Floor, And HVAC System). Marketing Brochure And Rent Roll Available Upon Request. Bring Offers!
Location
Province ON
County Toronto
Community Kensington-Chinatown
Area Toronto
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 20.72
Lot Depth 144.41
Others
Security Features No
Listed by ROYAL LEPAGE CONNECT REALTY
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