$3,500,000
Available - For Sale
Listing ID: C12004724
518 Queen Stre West , Toronto, M5V 2B3, Toronto
| 518 Queen St West is a prime commercial property in Torontos high-traffic West Queen West (WQW) neighbourhoodone of the city's most sought-after locations. This exceptional building boasts a 20+ foot frontage on a deep 143-foot lot, across from Loblaws, BMO and more making it a standout opportunity for investors and business owners alike.The renovated main-floor retail space offers 1,523 sq. ft. of premium commercial space, perfect for retail, showroom, or hospitality use, benefiting from constant foot traffic and excellent visibility. The property also features lane way access at the rear, providing convenience for deliveries and potential for future development in this prime downtown corridor.The second and third floors present incredible flexibility, currently configured as modern residential apartments with two kitchens, two three-piece bathrooms, and hardwood floors throughout. Laundry is located on the third floor, adding convenience for tenants. Keep as-is for excellent rental income or convert into two separate suites for added value.Situated in an unbeatable downtown location, this property is steps from Trinity Bellwoods, the Fashion District, and Kensington Market, with seamless access to the 24-hour Queen Streetcar, ensuring easy connectivity across the city. With strong investment potential and future redevelopment possibilities this is a rare opportunity in one of Torontos most dynamic neighbourhoods. Excellent rental income and a 5.8% Cap rate. |
| Price | $3,500,000 |
| Taxes: | $36519.62 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Tenant |
| Address: | 518 Queen Stre West , Toronto, M5V 2B3, Toronto |
| Postal Code: | M5V 2B3 |
| Province/State: | Toronto |
| Legal Description: | PT LT 9N/SQUEENSTPL 65TORONTOAS INCT2381 |
| Lot Size: | 20.50 x 143.08 (Feet) |
| Directions/Cross Streets: | QueenSt.W./BathurstSt. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Retail |
| Building Percentage: | F |
| Total Area: | 3714.00 |
| Total Area Code: | Square Feet |
| Retail Area: | 1614 |
| Retail Area Code: | Sq Ft |
| Financial Statement: | T |
| Chattels: | T |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| REALOSOPHY REALTY INC. |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | Kensington-Chinatown |
| Lot Size: | 20.50 x 143.08(Feet) |
| Tax: | $36,519.62 |
| Fireplace: | N |
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