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$ 3,399,000
Est. payment /mo
Price Dropped by $100K
242 Queen ST W Toronto C01, ON M5V 1Z7
3,870 SqFt
UPDATED:
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
Listed by CUSHMAN & WAKEFIELD