ON > Toronto C01 > Kensington-Chinatown
Toronto C01, ON M5V 1Z7,242 Queen ST W
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Toronto C01, ON M5V 1Z7,242 Queen ST W
Toronto C01, ON M5V 1Z7,242 Queen ST W
Toronto C01, ON M5V 1Z7,242 Queen ST W
Toronto C01, ON M5V 1Z7,242 Queen ST W
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 3,499,000
Est. payment /mo
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Price Dropped by $100K

242 Queen ST W Toronto C01, ON M5V 1Z7

3,870 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,870 sqft

Price per Sqft $904

Subdivision Kensington-Chinatown

MLS Listing ID C9385881

Annual Tax Amount $40,125

Tax Year 2024

Property Sub-Type Commercial Retail

Lot Depth 120.0

Lot Front 17.06

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. Landlord may have mechanism to provide an end user purchaser with vacant possession of the retail unit.

Location

Province ON

County Toronto

Community Kensington-Chinatown

Area Toronto

Zoning CR3(c2;r2*2387)

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 17.06

Lot Depth 120.0

Others

Security Features Partial

Listed by CUSHMAN & WAKEFIELD
agent

Jethro Seymour

Broker

+1(416) 712-0767

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242 Queen ST W

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