512 Queen ST W Active Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M5V 2B3
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,819 sqft
Price per Sqft $653
MLS Listing ID C11885935
Annual Tax Amount $42,284
Tax Year 2024
Property Description
For more information, please click Brochure button. 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.
Location
State ON
County Toronto
Community Kensington-Chinatown
Area Toronto
Region Kensington-Chinatown
City Region Kensington-Chinatown
Interior
Cooling Yes
Exterior
Community Features Public Transit,Subways
Utilities Available Yes
Others
Security Features No