$35 Per Sq Ft FOR LEASE

Commercial/Retail

Lot: 22.5 x 127 ft

550 Queen Street W #Second
Toronto (Kensington-Chinatown), ON M5V 2B5

Situated in the heart of Toronto's bustling Queen West neighbourhood, renowned for its vibrant arts and culture scene, shops, and hyped nightlife, 550 Queen St West offers a prime hospitality/retail opportunity. The versatile second-floor space offers 2,685 sq ft (approx) of customizable area with ample room for a bespoke restaurant, bar, retail or service-based business layout; includes areas for storage, office, staff room and dedicated customer restrooms. A dedicated street entrance with a flight of stairs leads to an exclusive second-floor presence. Large front-facing windows enhance visibility of the well-maintained premises. Currently fit out as a bar/lounge with booth seating, 2 bars, a dance floor, 4 washrooms, and a transferable liquor license. This second-floor space is easily adaptable for tenant-specific requirements and branding. Ideally positioned to capture the area's high pedestrian and vehicular traffic, presenting a unique chance for entrepreneurs or retailers looking to immerse themselves in one of the city's most sought-after districts. The high-density area with a continuous stream of local and tourist foot traffic, especially during evenings and weekends, makes this location ideal for a destination restaurant/bar or boutique retail. Located among restaurants, bars, independent retailers and anchored by CB2, LCBO, Loblaws, Joe Fresh, Winners. Close to multiple transit options. **** EXTRAS **** Transferable liquor license. Net lease. $19.65 TMI psf. Hydro, gas and water additional. (id:47423)

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Listed By SOTHEBY'S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C9507030
Last Updated Oct 23, 2024
Property Summary
Property Type Commercial/Retail

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Community Kensington-Chinatown
Price History
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Detailed Information
Bathrooms 4
Lot 22.5 x 127 ft
Listing Contract Date 2024-10-23
Location Description Queen W + Bathurst
Property Type Retail
Transaction Type For lease
Zoning Description CR 3.0 (C2.0; R2.0) SS2 (x1385)
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Other
Utility Water Municipal water
Land
Total Size 22.5 x 127 FT
Size of Irregular Land 22.5 x 127 FT

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