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512 Queen St W, Toronto, Ontario M5V 2B3

4 Bathroom 3009 sqft
Fully Air Conditioned

$3,450,000.00

For Complete Property Details Or Appointment View On R E A L T O R.Ca - Click 'View Listing On Realtor Website' On The Right=> Or Click On More Information Icon, Brochure Or Multimedia Links.**** EXTRAS **** An Exceptional 3 Storey Property Located In The Heart Of Queen Street West, Across The Street From Loblaw's And Joe Fresh. Selling Price Is $1,150. Per Sq./Ft. And Will Realize A Capitalization Rate Of 4% Net. >>>> (id:13198)

fsbo for sale by owner

Dave Drewette 416-606-2216
drewette@aol.com

An exceptional 3 storey property located in the heart of Queen Street West, across the street from Loblaw’s and Joe Fresh. Selling price is  $1,150.  per sq./ft. and will realize a capitalization rate of 4% net. Our new tenant has a 10 year lease with 5 year option and plans on making major renovations to the building, increasing the dining and liquor license capacity with a backyard patio and licensing the third floor.

With CR3 zoning there is potential to expand and more than double the square footage of the building.

Located on the preferred north side of Queen St., this historical Victorian building has 15.75 feet of prime frontage with high ceilings and lots of natural sunlight. Major renovation of electrical, plumbing and liquor license code requirements were conducted during the 1980s and the brick front facade was renovated in 2008.

The tenant currently has a liquor license for 132 people on the first 2 floors. The kitchen and main dining room/bar are located on the ground floor. The second floor contains 2 smaller dining rooms/bars and a licensed outdoor patio. The third floor has 2 office rooms and 2 washrooms. The basement contains two public washrooms, furnace & storage room, a walk-in fridge and staff washroom. There is parking for 2 cars accessed by the back laneway. There are 2 forced air furnaces and one roof top air conditioner. Electrical is 200 amp.

 

Visit youtube.com/watch?v=jSZQt-EZFEQ (or google 512 Queen St West) for viewing a video of the building.

 

Gross Floor Area              2859. sq./ft. plus 150 sq.ft. 2nd floor patio plus full basement

Land Size                           2223 square feet

Legal Description               Plan 65 PT Lot 8  City of Toronto

Year Built                              1874, part 4 of the historic Crocker’s Block

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Property Details

Listing ID C4653167

Building

Bathroom Total 4
Cooling Type Fully Air Conditioned
Fireplace Present No
Size Interior 3009 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Irregular 15.75 X 141 Ft
Size Total Text 15.75 X 141 Ft

https://www.realtor.ca/real-estate/21406884/512-queen-st-w-toronto-kensington-chinatown