512 Queen St W
Toronto, M5V2B3
For Sale
$3,800,000
➧
➧
Retail
CATEGORY5,819 Sq Ft
TOTAL AREAC11885935
MLSIDContact Us
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.
Call
Property Details
Category
Retail
Usage
Hospitality/Food Related
Zoning
Cr3
Total Area
5,819 Sq Ft
Retail Area
5,819 Sq Ft
Lot Size
16' x 141'
Taxes
$42,284 (2024)
Washrooms
4
Air Conditioning
Yes
Call
Listing contracted with Easy List Realty Ltd.
Similar Listings
Metropolitan Commercial Realty Inc. is pleased to present the offering of 388 Spadina Ave, a unique opportunity to acquire an institutionally managed, fully-occupied property with strong contractual rental income from notable tenants, including one of Toronto's most popular Chinese restaurants. Located in a high-traffic corridor just steps from the intersections of Spadina Avenue & College Street and Spadina Avenue & Dundas Street West, this property enjoys substantial pedestrian, vehicular, and transit exposure. The surrounding area features the University of Toronto, Kensington Market, and many cultural and tourist destinations, providing consistent foot-traffic in the area. 388 Spadina Avenue, is located in a node experiencing significant growth and intensification, further bolstering foot traffic and retail demand. The Property is well-positioned to benefit from long-term value growth for years to come, including the potential for a development assembly along this block.
Call
Call
Prime 3-storey mixed-use investment opportunity on bright West side of Spadina Ave. Quality ground floor retailer with secure Lease (4 years remain) offers steady income stream + 2 recently renovated residential apartments on 2nd & 3rd floors. 2nd floor apartment vacant & 3rd floor apartment is M2M quality tenant. Fully leased this building generates over $11,350 per month or $136,200 annually in gross income. Recent 2023 upgrades to residential apartments include: vinyl flooring, new paint, new windows and skylights, laundry, new electric light fixtures, tile floors in washrooms, new furnace, & new building sewer line. This property offers high pedestrian & vehicular traffic and is steps to Kensington Market, the AGO, U of T, Chinatown, TTC access & quality retail. Development upside through potential future assembly of nearby properties & asset appreciation with future Ontario Line station at Queen & Spadina.
Call
MIXED-USE RETAIL INVESTMENT: 2 stores / 4 apartment on second floor / roof top signage income / basement shop. STORES: Open Layout / High Ceilings / Flexible Leases For Value-Add Investment Or Owner Use. APARTMENTS: 4 Apartments On Second Floor / Renovated / Skylights / Common Laundry Room. BASEMENT: Basement Shop May Be Separately Leased for additional income. DEVELOPMENT: MTSA area / existing mid-rise condo planning context. LOCATION: High traffic location / in the heart of Leaside / Steps From Laird LRT Station / Vibrant Leaside Community With Ave Household Income Of $258,000 / Over 6,000 Condo Units Currently Under Construction Or Planned For Development In The Area.
Call
MIXED-USE RETAIL INVESTMENT: 2 stores / 4 apartment on second floor / roof top signage income / basement shop. STORES: Open Layout / High Ceilings / Flexible Leases For Value-Add Investment Or Owner Use. APARTMENTS: 4 Apartments On Second Floor / Renovated / Skylights / Common Laundry Room. BASEMENT: Basement Shop May Be Separately Leased for additional income. DEVELOPMENT: MTSA area / existing mid-rise condo planning context. LOCATION: High traffic location / in the heart of Leaside / Steps From Laird LRT Station / Vibrant Leaside Community With Ave Household Income Of $258,000 / Over 6,000 Condo Units Currently Under Construction Or Planned For Development In The Area.
Call
This 5,597 sq. ft. streetfront commercial condo unit features excellent corner exposure with over 50 feet of frontage and includes one surface parking spot. This unit consists of a ground floor and a fully constructed mezzanine with 20-foot ceilings. Located in the vibrant areas of the Distillery District, Canary District, and West Don Lands. The unit is minutes from King Street East and the 504 streetcar, with easy access to the DVP and Gardiner Expressway. It is part of Trinity Lofts, an eight-story residential development by Streetcar Developments and Dream, completed in 2013. This location is ideal for businesses seeking to thrive in a continuously evolving area of downtown Toronto. Zoning allows for many permitted uses. Current owner/user is moving. Vacant possession will be available.
Call
MAJOR PRICE REDUCTION-PRICED TO MOVE!!! Rare & Exceptional Opportunity To Purchase A Spectacular Retail Building With Soaring 16 Foot Ceilings. Assume A Tenant With Multiple Locations & Excellent Covenant. Stunning Premium Leasehold Improvements & Open Rooftop Patio. Prime Danforth Broadview Location Steps To Broadview TTC Station & Danforth Music Hall. Strong Neighbourhood Demographics & High Traffic Count. New Roof & HVAC. See Floor Plans & Survey.
Call
Priced at under $390 psf above grade & completely rebuilt in 2001, this 3 storey building located on one of the best blocks of the Junction, will generate close to a 5.5% cap rate fully leased with great upside potential. Configured as main floor retail & 10 residential apartments. Approx 3,000 sf per floor plus finished bsmt. Excellent opportunity for an investor with stable income from well-established Tenants. 3 of the prime 2 bedroom apartments will be vacant on closing allowing for a user opportunity, or for an investor to set their own rents.
Call
**PARKING LOT + BUILDING** Welcome to 4990, 4992 & 5000 Dundas St W - An incredible opportunity to own part of a building + land !!! This property consists of 2 Lower Retail Units and 3 Upper Residential Units that are fully rented. PLUS you have the addition of including the property at 5000 Dundas St - which is a 14 Space Parking Lot (55 x 94 ft lot) to compliment the entire portfolio. This area is experiencing a great amount of growth, turnover and re-development by way of mixed use condo development. Buy now and collect rental income, renovate and rejuvenate, OR assemble and develop in the future. A lot of possibilities await!
Call
50 foot corner property / ample possibilities for value-add investor and developer. Single tenant NNN lease / presently leased as a restaurant. 1218A and 1220 are separate parcels and are connected to form a contiguous 3250 sq.ft. space. *** 1220 Queen St E: Corner, 2,625 sq ft, high ceilings / floor to ceiling window sections / column free / no basement / root top HVAC. *** 1218A Queen St E: 525 SF / exposed second floor / full basement / furnace heating / 19 ft front yard / 56 ft rear yard. Adjacent to large landscaped boulevard. Great street presence and visibility. Mid-rise development planning context. Numerous developments in the immediate area. In the heart of Leslieville. Minutes to DVP and Downtown.
Call
Corner property with 110 ft of combined frontage in the heart of toronto's intensifying cabbagetown neighbourhood. Diversified income with long-term retail tenant at-grade and three (3) residential apartments on the second and third floors. 3,500 sf of total building area.
Call
Hands Free Investment Opportunity At Busy College & Ossington With Future Development Potential. Fully Tenanted With A Large Main Floor Restaurant With One Two Bedroom Apartment And One One-Bedroom Apartment.
Call
Call