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Renanza Realty
For sale

512 QUEEN STREET W

Toronto (Kensington-Chinatown), Ontario

MLS® C11885935

$3,150,000

Status
Active
Property type
Retail
MLS® number
C11885935
Bedrooms
Bathrooms
4
Year built

Listing description

*** Visit the REALTOR website for further information about this Listing *** This 3 storey Victorian property is located on the preferred north side and at the heart of trendy Queen St West. It sits between Spadina Ave and Bathurst St at the top of Portland St. , and is across the street from Loblaws and Joe Fresh.

The building has 15. 75ft of prime frontage with high ceilings. A successful restaurant/bar business has operated here for at least 6 decades and the building features 2 floors with 3 licensed rooms and 2 licensed patios.

Public washrooms are in the basement. The 3rd floor has 3 offices and a washroom. The total usable size of the property is 5,819 sq.

/ft. including the patios and basement. This property will be highly attractive to investors due to its stable and reliable potential income, attractive location, and huge foot traffic in the area.

The area is well served by TTC streetcar lines on both Queen and Bathurst streets and the upcoming Ontario Subway Line with a stop at Queen and Spadina. The property was renovated in the early 1980's and the front facade was restored in 2008 in accordance with requirements of the Toronto Historical Board. The building has a liquor licence for 133 people.

Property summary

MLS® number
C11885935
Property type
Retail
Square footage
5,819 sq ft
Land size
Bldg=15.75 x 141.14 FT
Annual property taxes
$42,284.47
Days on market
629 days

Features & details

Heating
Forced air, Natural gas
Cooling
Fully air conditioned

What would this home cost you?

Based on the $3,150,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$14,656 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of EASY LIST REALTY LTD., WINDSOR.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.