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Last Updated : 45 Days ago
242 Queen St W, Toronto, Ontario, Kensington-Chinatown
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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

242 Queen St W Property Description

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.

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242 Queen St W Property Facts

Property Type :Commercial
MLS Number :C9385881
Listing Type :Sale
Possession Date :
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Last Updated :07 Oct, 2024 (45 Days ago)
Source :TRREB
Area :Toronto
Community : Kensington-Chinatown
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Postal Code : M5V 1Z7
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242 Queen St W Property Price & Tax Insights

Price : $3,699,000
Property Taxes :$40125.43
Tax Year :2024

242 Queen St W, Toronto Property Details

Cross Street :Queen Street W between John St & McCaul directly across Bell HQ

242 Queen St W, Toronto - Price History

2024-10

07 Oct, 2024

TREB #C9385881

Available

$3699000.0

  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
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  • 6
  • 12
  • 18
  • 24
  • 30+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+

242 Queen St W - Location Map and Landmarks

  • Osgoode Subway, Toronto 0.32 km
  • St Andrew Subway, Toronto 0.55 km
  • St Patrick Subway, Toronto 0.56 km
  • Queen Subway, Toronto 0.96 km
  • Union Train Station, Toronto 1.02 km
  • Union Go Station, Toronto 1.02 km
  • Union Station Subway, Toronto 1.04 km
  • King Subway, Toronto 1.04 km
  • Dundas Subway, Toronto 1.08 km
  • Queen'S Park Subway, Toronto 1.08 km
  • Ocad University - Inclusive Design Institute, Toronto 0.17 km
  • Ocad University - Student Centre, Toronto 0.2 km
  • Ocad University - Abovegrd Art Supplies, Toronto 0.26 km
  • Ocad University - Main Building, Toronto 0.32 km
  • Ogden Junior Public School, Toronto 0.36 km
  • Ocad University - The Learning Zone, Toronto 0.38 km
  • Contact Alternative School, Toronto 0.41 km
  • Ocad University - Annex Building, Toronto 0.42 km
  • Ocad University - Rosalie Sharp Pavilion, Toronto 0.44 km
  • Heydon Park Secondary School, Toronto 0.62 km
  • University Health Network - Toronto Rehabilitation Institute, Toronto 0.72 km
  • Sinai Health System - Mount Sinai, Toronto 0.81 km
  • The Leroy And Elizabeth Macmillan Plastic Surgery Clinic, Toronto 0.82 km
  • Mount Sinai Hospital, Toronto 0.82 km
  • The Women'S Auxiliary Play Park, Toronto 0.85 km
  • University Health Network - Princess Margaret Cancer Centre, Toronto 0.88 km
  • Princess Margaret Hosp, Toronto 0.89 km
  • Hospital for Sick Children, Toronto 0.9 km
  • The Hospital For Sick Children, Toronto 0.9 km
  • Tgh Peter Munk Cardiac Centre, Toronto 0.95 km
  • Kabul Farms, Toronto 0.2 km
  • Lucky Moose Food Mart, Toronto 0.47 km
  • Marketplace, Toronto 0.53 km
  • China City Supermarket, Toronto 0.55 km
  • Ho Long Supermarket, Toronto 0.58 km
  • Hang Hing Hong Foods, Toronto 0.58 km
  • Kai Wei Supermarket, Toronto 0.58 km
  • Sinnon Fruit Market, Toronto 0.59 km
  • Chinatown Centre, Toronto 0.62 km
  • Uniwell Building, Toronto 0.63 km
  • Mccaul Street and Queen Street West, Toronto 0.08 km
  • Queen Street West and Duncan Street, Toronto 0.1 km
  • Richmond Street West and John Street, Toronto 0.11 km
  • Beverley Street and Queen Street West, Toronto 0.12 km
  • Richmond Street West and Duncan Street, Toronto 0.14 km
  • St Patrick Street and Queen Street West, Toronto 0.17 km
  • Queen Street West and Peter Street, Toronto 0.25 km
  • Adelaide Street West and John Street, Toronto 0.26 km
  • Adelaide Street West and Duncan Street, Toronto 0.27 km
  • Richmond Street West and Peter Street, Toronto 0.28 km
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FAQs: 242 Queen St W, Toronto

  • Q:What is the Area Size of the 242 Queen St W In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately sq. ft and is strategically located in Toronto. The MLS No of this project is C9385881 and the Project is located in Ontario, Canada
  • Q: Does this Project 242 Queen St W available for Sale ?

    A: The project 242 Queen St W is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 242 Queen St W is Offering?

    A:Square Yards is giving a Cashback of $18,495 if you buy this property from us, however there are several key features offered by the 242 Queen St W. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 242 Queen St W, Toronto?

    A: 242 Queen St W, Toronto comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Toronto, On?

    A:Toronto, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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