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$288,888
Available - For Sale
Listing ID: C12423549
Ideal for Newcomers and Passive Income Seekers!The Queen Nest Hotel is nestled in Torontos vibrant and modern Trinity- Bellwoods neigbourhood, renowned for its fashion-forward appeal. Located at the prime intersection of Palmerston and Queen Street West, this hostel-hotel hybrid offers a unique blend of modern, clean accommodations perfect for solo travelers . With a robust monthly cash flow of approximately $25,000 to $35,000, its a highly profitable and cash-positive investment. The business is a low management set up for a turnkey transition, allowing the new owner to be as hands-on or hands-off as they prefer. For all financial disclosures, were happy to provide an NDA to ensure confidentiality. Please call L.A. for setting up tours of the business or for any questions.
Price $288,888
Taxes: $0
Tax Type: TMI
Occupancy by: Tenant
Address: 650 1/2 Queen Stre West , Toronto, M6J 1E4, Toronto
Postal Code: M6J 1E4
Province/State: Toronto
Legal Description: PT LT 1 PL D114 TORONTO AS IN CA769809;
Directions/Cross Streets: Queen St W & Palmerston Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Hotel/Motel/Inn
Building Percentage: F
Total Area: 3,600
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 100+
Financial Statement: T
Chattels: F
Franchise: F
Days Open: O
Hours Open: 10 am -
Employees #: 4
Seats: 0
Maintenance: 0
Sprinklers: Yes
Rail: N
Heat Type: Water Radiators
Central Air Conditioning: No
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ENGEL & VOLKERS TORONTO CENTRAL

650 1/2 Queen Stre West , Toronto, M6J 1E4, Toronto


 
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At a Glance:
Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto C01
Neighbourhood: Trinity-Bellwoods
Style:
Lot Size: x 122.00(Feet)
Approximate Age: 100+
Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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