242 Queen St W

Toronto C01 | Kensington-Chinatown | M5V 1Z7
  • 3870.0 sqft
  • 0 gar

$3,699,000

Est. Mtg $12,542 /mo
  • Days on market

    51

  • Status

    A

Listing Broker CUSHMAN & WAKEFIELD
Since listed: 0 views

Home details

MLS #:

C9385881

Property type:
Commercial/Retail
Style:
Taxes:
$40,125
Possession:
Immediate
Condo Fee:
Lot Size:
17.06 X 120.0
Zoning:
CR3(c2;r2*2387)
Use:
Heat:
Gas Forced Air Open

Description


242 Queen St W, , Toronto, Ontario is a Commercial/Retail property in Toronto C01 and in the Kensington-Chinatown community in the M5V 1Z7 postal code


Landmark investment opportunity in the heart of Toronto's vibrant Queen W shipping district. Direct sightlines to Bell Media HQ for premium visibility & foot traffic. Retail is leased to Dragon Vape, Canada's largest e-cigarette retailer, w. flexible mid-length lease, historically the retail space has attracted notable tenants including: John Fluevog & Wine Rack @ premium retail rents. Upper levels feature two large semi-attached 3-bedroom apts. Flexibility to reconfigure the existing resi units for large lift on rents. All residential leases month-to-month. Well-maintained building. Size does not include high & dry basement. Large rear parking area + double-door shipping. Significant potential for expansion with unused lot area. All leases are below market rent & feature flexible term-a compelling opportunity for value-add through lease adjustments & strategic repositioning. Residential leases are below market & month-to-month. 2 self-contained units. 3rd floor is currently accessed via 2nd floor unit. Potential to combine as large 2 floor 6 bed apt or reconfigure. Large single storey rood deck at rear. Charming heritage building..

Extras

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Payment calculator

$15886 monthly. In association with: TD Bank
%
  • Principal and Interest
    12542 /mo
  • Property Taxes
    $3343 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Emmalay Rattana, Realtor

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