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• 566 Queen St W, Toronto, ON M5V 2B5

$3,988,000 ^{FOR SALE}

Store W/Apartment/Office

Lot: 20.72 x 142.5 ftTotal Area: 3,900 ft²
2024 Taxes: $36,870.94

566 Queen St W
Toronto, ON M5V 2B5 | Kensington-Chinatown

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Prime location on Queen St. West. The rent includes the entire property. The main floor, the second floor, and the roof were fully renovated in 2019. The main floor is designed as a bar and restaurant, and there are three one-bedroom units on the second floor. Full basement to use as storage. The main floor is ready to operate as a bar and restaurant with all the equipment in a perfect condition almost new, and the liquor license. Perfect for end user and also a perfect investment for an investor. There is a potential tenant with a 6% net cap. All the measurements are to be verified by the buyer and the salesperson.

Extras

The liquor license and all the restaurant equipment and chattels are included. 3 separate new Mitsubishi double-head heat pumps for each unit on the second floor. HVAC system for the restaurant. 5 separate hydro meter.

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Listed By	HOMELIFE LANDMARK REALTY INC.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	C9039999
Last Updated	Oct 09, 2024

Property Summary

Property Type	Store W/Apartment/Office More like this: Toronto Store W/Apartment/Office for Sale
Category	Store With Apt/Office
PIN	212370105
Legal Description	PT PARKLT 18 CON 1 FTB TWP OF YORK AS IN CA761746 EXCEPT THE EASEMENT THEREIN; S/T CA761746; CITY OF TORONTO
Occupancy	Vacant
Possession Date	T.B.A
Taxes (2024)	$36,870.94
Tax Type	Annual
Directions/Cross Streets	Queen and Bathurst
Neighbourhood	Kensington-Chinatown
Area	Toronto

Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information

Freestanding	Y
Bathrooms	8
Lot	20.72 x 142.5 ft
Lot Irregularities	20.72 x 144.41 x 24.46 x 142.52
Retail Area	2,000 ft2
Office/Apt Area	1,900 ft2
Total Area	3,900 ft2
Approximate Age	31-50
Air Conditioning	Y
Basement	Y
Chattels	Y
Garage Type	Outside/Surface
Parking Spaces	4
Amps	400
LLBO	Y
Heat Type	Gas Forced Air Closd
Financial Statement	N
Area Influences	Public Transit
Sprinklers	N
Utilities	Y
Water	Municipal
UFFI	No
Lot/Bldg/Unit Code	Building
Zoning	CR3(c2;r2*1385)
Seller Property Info Statement	N

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