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1096 Queen St W 6,600 SF 100% Leased Retail Building Toronto, ON M6J 1H9 $3,774,324 USD ($571.87 USD/SF) 5.50% Cap Rate


EXECUTIVE SUMMARY
Experience a carefree investment opportunity with incredible potential! This property boasts a prime location on Queen West, featuring 33 ft. of frontage and 100 ft. of depth. The main floor spans 3,300 sq. ft. with impressive 18 ft. ceilings, while the second floor offers 2,300 sq. ft. Additionally, there's a 1,000 sq. ft. reinforced roof deck, ideal for various uses. Currently fully leased to successful hospitality tenants, it generated a net income of $235,365.00 in 2020, with lease escalations in place. Tax expenses for 2020 amounted to $33,887.62. Situated just west of Dovercourt Road, in one of the trendiest neighborhoods, as highlighted by Vogue Magazine, this property presents an exceptional investment opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,600 SF
Building Class
B
Year Built
1976
Price
$3,774,324 USD
Price Per SF
$571.87 USD
Cap Rate
5.50%
NOI
$207,588 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
CR - Commercial Residential
Frontage
33’ on Queen St
AMENITIES
- Bus Line
- Commuter Rail
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (92)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
1 of 3
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1096 Queen St W
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