242 Queen St W, Toronto MLS Number: C9385881
Kensington-Chinatown, Toronto, ON, M5V 1Z7$3,699,000
Status: For Sale
- Property Type: Commercial (Commercial)
- Property Taxes : $40125.43 (Tax Year:2024)
- Listing Courtesy : Cushman & Wakefield
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$3,699,000
Status: For Sale
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.
Property Type | :Commercial |
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MLS Number | :C9385881 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :07 Oct, 2024 (45 Days ago) |
Source | :TRREB |
Area | :Toronto |
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Community | : Kensington-Chinatown |
Postal Code | : M5V 1Z7 |
Price | : $3,699,000 |
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Property Taxes | :$40125.43 |
Tax Year | :2024 |
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Cross Street | :Queen Street W between John St & McCaul directly across Bell HQ |
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07 Oct, 2024
TREB #C9385881
Available
$3699000.0