$4,999,000

For sale

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273 Queen Street West, Toronto (Waterfront Communities) - Retail for Sale

273 Queen Street West, Toronto (Waterfront Communities), Ontario, M5V1Z9

4,073 ft²Listed 107 days ago

Overview

This retail property in Toronto is for sale offering roughly 4,073 sq ft of space.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

Prime street-front retail opportunity on one of Toronto's most active and sought-after commercial corridors. This boutique commercial building offers over 20 feet of premium frontage on the south side of Queen Street West, providing excellent visibility and presence in the downtown core. The property comprises over 4,000 sq. ft. of total space and has been fully renovated and retrofitted with modern design elements and high-quality finishes throughout. A rare single-car garage adds valuable functionality for retail or service-based uses. Offered 100% vacant with no lease commitments, the property provides complete flexibility for owner-users or investors. A high and dry lower level offers additional usable space beyond the stated square footage. An exceptional opportunity to acquire a turnkey retail building in one of Toronto's most established and continuously evolving commercial districts. (id:66096)

Property Details

MLS®: C13585492
Property Type: Retail
Zoning: CR 3.0 - Commercial Residential
Interior Size: 4,073 ft²
Frontage: 21 ft
Building Area: 4,073 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $77,038.71/yr
Listed: 107 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

107d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,227

List price

$5.00M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · SHERVIN REZAEI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $4,999,000, about 54.9× the local median household income of $91,000.

Carrying it typically needs a household income of about $976,480 (20% down, 25-yr amortization, stress-tested) — roughly 973% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$4,999,000· $1,227/ft²

For sale

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Financing

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