$3,499,000
$200,000242 Queen Street, Toronto, ON M5V 1Z7
Kensington-Chinatown, Toronto,
Properties with this icon are courtesy of
TRREB.
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.
- HoldoverDays: 120
- Property Type: Commercial
- Property Sub Type: Commercial Retail
- GarageType: Lane
- Tax Year: 2024
- Cooling: Partial
- HeatType: Gas Forced Air Open
- Sewer: Sanitary+Storm
- Building Area Total: 3870
- Building Area Units: Square Feet
- Parcel Number: 212070067
- LotSizeUnits: Feet
- LotDepth: 120
- LotWidth: 17.06
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