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$3,988,000
Available - For Sale
Listing ID: C9039999
Prime location on Queen St. West. The rent includes the entire property. The main floor, the second floor, and the roof were fully renovated in 2019. The main floor is designed as a bar and restaurant, and there are three one-bedroom units on the second floor. Full basement to use as storage. The main floor is ready to operate as a bar and restaurant with all the equipment in a perfect condition almost new, and the liquor license. Perfect for end user and also a perfect investment for an investor. There is a potential tenant with a 6% net cap. All the measurements are to be verified by the buyer and the salesperson.
Extras:   The liquor license and all the restaurant equipment and chattels are included. 3 separate new Mitsubishi double-head heat pumps for each unit on the second floor. HVAC system for the restaurant. 5 separate hydro meter.
Price $3,988,000
Taxes: $36,870.94
Tax Type: Annual
Occupancy by: Vacant
Address: 566 Queen St West , Toronto, M5V 2B5, Ontario
Postal Code: M5V 2B5
Province/State: Ontario
Legal Description: PT PARKLT 18 CON 1 FTB TWP OF YORK AS IN
Lot Size: 20.72 x 142.5 (Feet)
Directions/Cross Streets: Queen and Bathurst
Zoning: CR3(c2;r2*1385)
Category: Store With Apt/Office
Building Percentage: Y
Total Area: 3,900
Total Area Code:  Sq Ft
Office/Appartment Area: 1900
Office/Appartment Area Code: Sq Ft
Retail Area: 2000
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 31-50
Financial Statement: N
Chattels: Y
Franchise: N
LLBO: Y
Sprinklers: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Water: Municipal
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HOMELIFE LANDMARK REALTY INC.

566 Queen St West , Toronto, M5V 2B5, Ontario


 
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Type: Com - Store W/Apt/Office
Area: Toronto
Municipality: Toronto
Neighbourhood: Kensington-Chinatown
Style:
Lot Size: 20.72 x 142.50(Feet)
Approximate Age: 31-50
Tax: $36,870.94
Maintenance Fee: $0
Beds:
Baths: 8
Garage: 0
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