512 Queen Street W,Toronto C01, ON M5V 2B3
Toronto C01, ON M5V 2B3
Description
*** Visit the REALTOR website for further information about this Listing *** 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.
Details
| MLS # | C11885935 |
|---|---|
| Listing Type | For Sale |
| Building Name | Bar Karma |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 684 |
| Listing Provided By | EASY LIST REALTY LTD. | C11885935 461300 |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 5,819 |
| Acreage | 0.13 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Public Transit, Subways |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|---|
| Sewer | Septic Available |
Taxes
| Tax Annual Amount | 42284.47 |
|---|---|
| Tax Assessed Value | 2199000 |
| Tax Type | Annual |
| Tax Legal Description | PT LT N/S Queen St PL65 City of Toronto CT21734 |
| Tax Year | 2024 |
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 2B3 |
| Area | Kensington Chinatown |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 2B3 |
| Area | Kensington Chinatown |