691-701 SOMERSET St W

West Centre Town | 4204 - West Centre Town | K1R 6P5
  • 14324.0 sqft
  • 0 gar

$4,800,000

Est. Mtg $16,276 /mo
  • Days on market

    107

  • Status

    A

Listing Broker AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
Since listed: 1 views

Home details

MLS #:

X9768534

Property type:
Commercial/Retail
Style:
Taxes:
$64,475
Possession:
TBD
Condo Fee:
Lot Size:
100.0 X 85.0
Zoning:
TM [112] H(16)
Use:
Heat:
Gas Forced Air Open

Description


691-701 SOMERSET St W, , West Centre Town, Ontario is a Commercial/Retail property in West Centre Town and in the 4204 - West Centre Town community in the K1R 6P5 postal code


691-701 Somerset Street West is one of Chinatown's most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property..

Extras

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Payment calculator

$21648 monthly. In association with: TD Bank
%
  • Principal and Interest
    16276 /mo
  • Property Taxes
    $5372 /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

Hamid Shahsavar, Realtor

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