1378 Queen Street
Toronto, M6K 1L7
FOR SALE
$1,980,000
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Commercial Retail
CATEGORY 1,750 Sq Ft
OFFICE/APT AREA W13804856
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Property Description
3 STOREY COMMERCIAL/RESIDENTIAL. 5.55% CAP RATE. $541 PER SQ. FT. ABOVE GRADE ON QUEEN STREET. APPROX. $109,825 NOI. 1 COMMERCIAL AND 2 RESIDENTIAL (2-BEDROOM) UNITS. UPSIDE IN RESIDENTIAL REVENUE ON TURNOVER. SECURED 10 YEAR COMMERCIAL LEASE IN PLACE AT MARKET RATE WITH ESCALATIONS BUILT IN. COMMERCIAL SOARING CEILING HEIGHT THROUGHOUT WITH SPRINKLER SYSTEM & LLBO LICENCE. 120 FT. LOT.
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Property Details
Address
1378 Queen Street
Community
City
Postal Code
M6K 1L7
Property Type
Commercial Retail, Commercial Retail
Use
Retail
Zoning
(CR ( Commercial/Residential, R (Residential)
Lot Size
17' x 120'
Office Area
1,750 Sq Ft
Retail Area
1,906 Sq Ft
Taxes
$20,186 (2026
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
None
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Listing contracted with Intrust Commercial Real Estate Brokerage Inc.
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