1260 The Queensway - Storefront Retail/Residential FOR SALE


Toronto, ON M8Z 1S2
$2,199,000 CAD
416-977-6617
1260 The Queensway, Toronto, ON for Sale
$2,199,000 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

1260 The Queensway
Toronto, ON M8Z 1S2


HIGHLIGHTS

  • High-traffic, corner location exposure
  • Mixed-use building with 4 apartments
  • Rapidly developing area, great potential

OVERVIEW

Corner commercial and residential building offering a prime investment opportunity. Located in a rapidly developing area with excellent exposure, surrounded by banks, car dealerships, and a medical/dental office next door. The property features four residential apartments, each with separate hydro meters, and an owner-operated Chinese restaurant with sit-in (14 seats, 6 tables) service that is predominantly used for takeout. The restaurant is a profitable business, with the owner retiring and offering vacant possession or a leaseback option for six months at $3,200/month plus utilities. The building includes essential features like gas burner (boiler), multiple meters (6 hydro, 2 gas), 2 hot water tanks, and appliances in the apartments (4 fridges, 4 stoves). Proximity to IKEA, QEW, TTC, and subway routes makes this a strategic location for other businesses as well.

FOR SALE DETAILS

PRICE

$2,199,000 CAD

PRICE/SF

$743 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CR

APN/PARCEL ID

191901519003400

ASK ABOUT THIS PROPERTY

Raymond LeungTradeworld Realty Inc., BrokerageMore Info
416-977-6617

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Raymond LeungTradeworld Realty Inc., BrokerageMore Info
416-977-6617

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.