242 Queen St W

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

Ask: $3,699,000 $3,599,000

Est. Mtg $12,203 /mo
  • Days on market

    196

  • Status

    A

Listing Broker CUSHMAN & WAKEFIELD
Since listed: 3 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. Landlord may have mechanism to provide an end user purchaser with vacant possession of the retail unit..

Extras

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Payment calculator

$15547 monthly. In association with: TD Bank
%
  • Principal and Interest
    12203 /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

Darshan Kakar, Realtor

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