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Home ON Greater Toronto Area Toronto Old Toronto Grange Park
242 QUEEN STREET W
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242 QUEEN STREET W $3,699,000
$3,699,000
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242 QUEEN STREET W
Toronto (Kensington-Chinatown), Ontario M5V1Z7

MLS® Number: C9385881

Listing 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. (36899332)

Location Description

Queen Street W between John St & McCaul directly across Bell HQ

Property Summary

Property Type
Retail
Community Name
Kensington-Chinatown
Land Size
17.06 x 120 FT
Annual Property Taxes
$40,125.43
Time on REALTOR.ca
72 days

Building

Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Other (Natural gas)
Utilities
Water
Municipal water

Measurements

Square Footage
3870 sqft

Land

Lot Features
Frontage
17 ft
Land Depth
120 ft
Other Property Information
Zoning Description
CR3(c2;r2*2387)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
MICHAEL BETEL