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179 Queen St E

2,230 SF 100% Leased Retail Building Toronto, ON M5A 1S2 £1,121,453 (£503/SF) 5.88% Net Initial Yield

Investment Highlights

  • Access to public transit
  • Located directly across from the future Ontario Line Stop
  • Mixed used building

Executive Summary

Incredible opportunity for owner/investors at 179 Queen St E! This fully renovated mixed-use building offers ultimate flexibility. Both residential units are vacant, providing you the choice to occupy or rent to new tenants of your choosing. The commercial space, with doubled square footage and soaring ceilings, is ready for your business or the current owner is prepared to lease it back, offering a turnkey investment. Upstairs, the second-floor 1-bedroom apartment has been completely gutted and reimagined with 10-foot ceilings and modern finishes. The third and fourth floors house a spacious 2-bedroom unit featuring 11-foot ceilings and a stunning rooftop terrace with panoramic city views. Located directly across from the future Ontario Line stop, this area is rapidly transforming with new condo developments and a bright future ahead.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,230 SF
Year Built
1890
Price
£1,121,453
Price Per SF
£503
Net Initial Yield
5.88%
NOI
£65,890
Percent Leased
100%
Number of Floors
4
Building FAR
2.67
Land Acres
0.02 AC
Zoning
CR 4.5 (C2) - Commercial Residential
Parking
10 Spaces (4.48 Spaces per 1,000 SF Leased)
Frontage
11 ft on Queen Street East

Amenities

  • Balcony
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

CrossFit
Tim Hortons
Second Cup Café & Cie
CIBC
Flock
BMO Bank of Montreal
Scotiabank
Starbucks
Thai Express
freshii
  • Listing ID: 33661173

  • Date on Market: 28/10/2024

  • Last Updated:

  • Address: 179 Queen St E, Toronto, ON M5A 1S2

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