A Gem on Queen St West
Commercial
Bathrooms
4
Square Ft
4,668
Year Built
1875
Feature
Air Conditioning
About this item
This 3 storey Victorian property is located on the preferred north side and at the heart of trendy Queen St West. It sits between Spadina Ave and Bathurst St at the top of Portland St., and is across the street from Loblaws and Joe Fresh. The building has 15.75ft of prime frontage with high ceilings. A successful restaurant/bar business has operated here for at least 6 decades and the building features 2 floors with 3 licensed rooms and 2 licensed patios. Public washrooms are in the basement. The 3rd floor has 3 offices and a washroom. The total usable size of the property is 5819 sq./ft. including the patios and basement. The capitalization rate is 4%. There is 5 years remaining on the lease. This property will be highly attractive to investors due to its stable and reliable income, attractive location, and huge foot traffic in the area. Our current tenant survived the pandemic and they are excellent operators. The area is well served by TTC streetcar lines on both Queen and Bathurst streets and the upcoming Ontario Subway Line with a stop at Queen and Spadina. The property was renovated in the early 1980's and the front facade was restored in 2008 in accordance with requirements of the Toronto Historical Board. The building has a liquor licence for 133 people.
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