512 Queen Street W
Kensington-Chinatown
Toronto
M5V 2B3
$3,800,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- C11885935
- Bus Major:
- Hospitality/Food Related
- Photos (17)
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For more information, please click Brochure button. 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 5,819 sq./ft. including the patios and basement. This property will be highly attractive to investors due to its stable and reliable potential income, attractive location, and huge foot traffic in the area. 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.
- Property Type:
- Commercial
- Commercial Type:
- Commercial/Retail
- Approx. Age:
- 100+
- Depth:
- 141'2"43 m
- Frontage:
- 15'9"4.8 m
- Total Area:
- 5,819 sq. ft.541 m2
- Retail Area:
- 5,819 sq. ft.541 m2
- Bathrooms:
- 4.0
- Zoning:
- CR3
- Heating type:
- Gas Forced Air Open
- Basement:
- Full
- Garage:
- None
- Total Parking Spaces:
- 0
- Possession Details:
- Negotiable
- Taxes:
- $42,284.47 / 2024
- Assessment:
- $2,199,000.00 / 2024
- Kensington-Chinatown
- Public Transit, Subways
- None
- Utilities:
- Y
- Water supply:
- Municipal
- Sewer:
- Septic Avail
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Air Conditioning:
- Y
- Amperage:
- 200
- Clear Height:
- 11'3.35 m
- Chattels:
- No
- Log/Bldg/Unit Code:
- Building
- Outside Storage:
- No
- Rail:
- No
- Sprinklers:
- No
- Type Taxes:
- Annual
- Business/Building Name:
- Bar Karma
- Category:
- Retail
- Major Business Type:
- Hospitality/Food Related
- Seats:
- 133
- Days Open:
- 7
- Hours Open:
- 6pm-2am
- Financial Statements:
- No
- Franchise:
- No
- Freestanding:
- No
- LLBO:
- Yes
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Listed by EASY LIST REALTY LTD.
Data was last updated January 5, 2025 at 05:55 AM (UTC)
- CAMILO GAMEZ
- THE AGENCY [2484 BLOOR ST WEST #19 TORONTO, ONTARIO M6S1R4]
- 1 (416) 3991106
- Contact by Email
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