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486-488 Queen St W
2,200 SF of Retail Space Available in Toronto, ON M5V 2B3
Highlights
- Prime Queen Street West location
- Basement space included
- High ceilings and natural light
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| Lower Level | 2,200 SF | 1-10 Years | £33.48 /SF/PA £2.79 /SF/MO £73,652 /PA £6,138 /MO | Triple Net |
Lower Level
Take advantage of this fantastic retail space situated on the sunny side of the vibrant Queen St W retail corridor. With a generous 2,200 sq ft of clean, open space, this unit boasts large windows that invite abundant natural light, creating an inviting atmosphere for customers. The high ceilings add to the spacious feel, offering a blank canvas for a wide range of business types. Benefit from excellent street exposure, ensuring maximum visibility to both heavy pedestrian and vehicular traffic. Plus, the full basement is included at no additional cost, providing valuable extra storage or workspace. This space is perfect for any type of retail use or commercial venture looking for a prime location to thrive.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Prime Retail Location: 2,200 sqft on Queen St W
- High Traffic Area: Ideal for business
- Basement Included: Extra space at no cost
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 486-488 Queen St W , Toronto, ON M5V 2B3
| Property Type | Retail | Gross Internal Area | 11,397 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1890 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Internal Area | 11,397 SF |
| Year Built | 1890 |
About the Property
This property is located on the vibrant Queen Street West corridor in the heart of Kensington-Chinatown, offering excellent street exposure and easy access to both pedestrian and vehicular traffic. The building features large windows that invite natural light, enhancing its welcoming atmosphere. With high ceilings and an open layout, the property offers a flexible space ideal for various uses. The full basement provides additional storage or workspace at no extra cost. Situated in a lively neighborhood, the property is surrounded by a diverse mix of shops, cafes, and restaurants, ensuring steady foot traffic. Its prime location makes it an ideal choice for businesses looking to establish themselves in one of Toronto's most popular areas.
- Bus Route
Nearby Major Retailers
Contact
-
Dani Habbal - Keller Williams Realty Associates – Larose Team
Presented by
Keller Williams Realty Associates – Larose Team
486-488 Queen St W
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