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Commercial listings / Investment / For sale

783 Queen Street W, Toronto, ON M6J 1G1

$3,750,000

783 Queen Street W, Toronto, ON M6J 1G1, photo 1783 Queen Street W, Toronto, ON M6J 1G1, photo 2783 Queen Street W, Toronto, ON M6J 1G1, photo 3783 Queen Street W, Toronto, ON M6J 1G1, photo 4783 Queen Street W, Toronto, ON M6J 1G1, photo 5783 Queen Street W, Toronto, ON M6J 1G1, photo 6
Property type
Investment
Transaction
For sale
Location
Toronto C01, Toronto
Building area
4,400 Square Feet
MLS® number
C13829590

Description

POSITIONED IN THE CORE OF WEST QUEEN WEST, ONE OF TORONTO'S MOST IN-DEMAND AND TREND-DRIVEN NEIGHBOURHOODS * HISTORIC BUILDING DATING BACK TO 1889 * OFFERING APPROXIMATELY 3,550 SQUARE FEET ACROSS THREE LEVELS PLUS A FULLY FINISHED BASEMENT * MAIN FLOOR IS CURRENTLY BUILT OUT AS A FULLY LICENSED, MODERN RESTAURANT WITH STRONG STREET PRESENCE - SECOND FLOOR OPERATES AS A LICENSED, HIGH-TRAFFIC HAIR SALON WITH ADDITIONAL STORAGE SPACE AND A WALKOUT TO A ROOFTOP DECK.IMPRESSIVE 21.5 FOOT CEILINGS ON THE SECOND FLOOR CREATE A DRAMATIC AND OPEN ENVIRONMENT.THIRD FLOOR MEZZANINE OVERLOOKS BOTH THE SALON AND ROOFTOP, CURRENTLY USED FOR OFFICE AND CUSTOMER SERVICE FUNCTIONS.FULLY FINISHED BASEMENT INCLUDES SEPARATE MEN'S AND WOMEN'S WASHROOMS, STORAGE AREAS,UTILITY ROOM, WALK-IN COOLER, AND MECHANICAL SPACE * OFFERRED TO MARKET AT A 4.8% CAP RATE. ANNUAL NET NET INCOME - $180,000.00

Listing brokerage: CENTURY 21 REGAL REALTY INC.

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