396-404 Queen St E - Storefront Retail/Residential FOR SALE


Toronto, ON M5A 1T3
$13,000,000 CAD
416-777-2200
396-404 Queen St E, Toronto, ON for Sale
$13,000,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

396-404 Queen St E
Toronto, ON M5A 1T3


HIGHLIGHTS

  • Mixed Use Retail / Residential Building
  • Favourable location in Toronto’s Corktown neighbourhood
  • Long term redevelopment potential for a midrise project
  • Steps away from transit and Distillery District

OVERVIEW

Presently 3-storey mixed use commercial / residential building on 13,078 SF of land Colliers International (“Colliers”) has been arranged on an exclusive basis for the sale of 396-404 Queen Street East (the “Property”) – a three storey mixed use building with five ground floor commercial units and fifteen apartment units. The property is conveniently located in Toronto’s Corktown neighbourhood just 700 m from the DVP and 650 meters from the future Moss Park Station (Ontario Line Subway). The property occupies 13,078 SF of land providing the opportunity for a midrise redevelopment project with up to 85,000 SF of GFA, with access to the rear of the property via Trefann Street. The property also benefits from immediate streetcar access along Queen Street connecting to the Queen Subway Station in just 17-minutes as well as an 8-minute walk to Metrolinx’s proposed Corktown Station on the Ontario Line. Overall, the property presents a unique opportunity for an investor or a developer to acquire a mixed-use building with significant rental upside and re-development potential in a growing transit-oriented node of Downtown East Toronto. 396 - 2517 SF 398 - 2452 SF 400- 2454 SF 402 - 2454 SF 404 - 2520 SF

FOR SALE DETAILS

PRICE

$13,000,000 CAD

PRICE/SF

$1,049 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

1913

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CR

APN/PARCEL ID

190407206004400,190407206004500,190407206004600,190407206004700,190407206004800

ASK ABOUT THIS PROPERTY

Jeremiah ShamessColliersMore Info
416-777-2200

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Jeremiah ShamessColliersMore Info
416-777-2200

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