242 Queen ST W Active Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M5V 1Z7
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,870 sqft
Price per Sqft $878
Subdivision Kensington-Chinatown
MLS Listing ID C9385881
Annual Tax Amount $40,125
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Landmark END-USER / INVESTMENT opportunity along most prime stretch of acclaimed Queen St. W. Retail leased to Dragon Vape, one of Canadas largest e-cig suppliers, secured w/ corp covenant via wholesale ops. Option for vacant possession of retail on closing for end user. Direct sightlines to Bell Media HQ for rare on-air visibility & strong foot traffic. Previously leased to John Fluevog & Wine Rack @ premium rents. Upper levels have two large semi-attached 3-bed apts (3rd flr via 2nd flr corridor) w/ stable mo-to-mo tenants + roof decks/patios. Flexibility to reconfigure + increase rents. Bonus high & dry basement (not in SF), large rear parking + dbl-door shipping. All leases under market w/ near-term value-add at a great going in price point.
Location
Province ON
County Toronto
Community Kensington-Chinatown
Area Toronto
Zoning CR3(c2;r2*2387)
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 17.06
Lot Depth 120.0
Others
Security Features Partial