2006 Queen St E
4,900 SF 100% Leased Retail Building Toronto, ON M4L 1J3 $1,608,503 USD ($328.27 USD/SF) 5.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Easy access to the Don Valley Parkway, Gardiner Expressway & Lakeshore Boulevard
- Abundant area amenities including restaurants, cafes, shopping, parks and trails
- Directly serviced by streetcar along Queen Street E and proximity to multiple TTC routes including future planned Riverside-Leslieville transit stati
- 5.8% CAP Rate
EXECUTIVE SUMMARY
Street-front retail & office investment or Owner Occupier property on Queen St.E in the heart of The Beaches. Property
consists of main floor restaurant occupied by the original Sunset Grill & 7 office units above (all tenants month to month). Great income
producing asset with upside & flexibility. Abundant area amenities, adjacent to Kew Gardens. 5.8% Cap Rate. Directly serviced by streetcar. Significant redevelopment in the area. Zoning permits a variety of uses including: residential, office & retail. Neighbouring retailers
include A&W & Tim Hortons. **A $50,000 bonus fee will be paid to the coop broker upon successful closing of an APS before February 21, 2025**
consists of main floor restaurant occupied by the original Sunset Grill & 7 office units above (all tenants month to month). Great income
producing asset with upside & flexibility. Abundant area amenities, adjacent to Kew Gardens. 5.8% Cap Rate. Directly serviced by streetcar. Significant redevelopment in the area. Zoning permits a variety of uses including: residential, office & retail. Neighbouring retailers
include A&W & Tim Hortons. **A $50,000 bonus fee will be paid to the coop broker upon successful closing of an APS before February 21, 2025**
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,900 SF
Building Class
C
Year Built
1955
Price
$1,608,503 USD
Price Per SF
$328.27 USD
Cap Rate
5.80%
NOI
$93,276 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.81
Lot Size
0.04 AC
Zoning
MCR - Mixed Use Commercial Residential
Frontage
15’ on Queen St
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
