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$3,600,000
Available - For Sale
Listing ID: C11885935
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.
Price $3,600,000
Taxes: $42,284.47
Tax Type: Annual
Assessment: $2199000
Assessment Year: 2024
Occupancy by: Tenant
Address: 512 Queen St West , Toronto, M5V 2B3, Ontario
Postal Code: M5V 2B3
Province/State: Ontario
Legal Description: PT LT N/S Queen St PL65 City of Toronto
Lot Size: 15.75 x 141.14 (Feet)
Directions/Cross Streets: Queen St W at Portland St.
Zoning: CR3
Category: Retail
Use: Hospitality/Food Related
Building Percentage: N
Total Area: 5,819
Total Area Code:  Sq Ft
Retail Area: 5819
Retail Area Code: Sq Ft
Area Influences: Public Transit   Subways
Approximatly Age: 100+
Business/Building Name: Bar Karma
Financial Statement: N
Chattels: N
Franchise: N
Days Open: 7
Hours Open: 6pm-2am
Seats: 133
LLBO: Y
Sprinklers: N
Outside Storage: N
Rail: N
Clear Height Feet: 11
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Elevator Lift: None
Sewers: Septic Avail
Water: Municipal
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EASY LIST REALTY LTD.

512 Queen St West , Toronto, M5V 2B3, Ontario

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
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416-981-7184

 
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Type: Com - Commercial/Retail
Area: Toronto
Municipality: Toronto
Neighbourhood: Kensington-Chinatown
Style:
Lot Size: 15.75 x 141.14(Feet)
Approximate Age: 100+
Tax: $42,284.47
Maintenance Fee: $0
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Baths: 4
Garage: 0
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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