CORNER PROPERTY FOR SALE ON QUEEN ST EAST

QUEEN EAST

7,950,000

  • RE-DEVELOPMENT OPPORTUNITY
  • GOOD HOLDING INCOME
  • 3 HAMILTON ST & 682-688 QUEEN ST E
  • KNOWN AS THE JOSEPH WHITE BUILDING WHICH FEATURES THE RICHARDSONIAN ROMANESQUE STYLE IN THE INCLUSION OF LARGE-SCALE ARCHED OPENINGS OFTEN RISING TWO STOREYS, VARIED COMBINATIONS OF WINDOW OPENINGS AND RICHLY TEXTURED BRICK DETAILS.
  • LOCATED ONE BLOCK WEST OF THE BROADVIEW HOTEL ON THE NORTHSIDE OF QUEEN STREET EAST
  • 59.55 FT. FRONTAGE WITH 125.82 FT. DEPTH
  • 3,519 SF. REAR VACANT LOT
  • CONSISTS OF 3 RETAIL STORES PLUS 8 RESIDENTIAL RENTAL UNITS
  • DESIGNER’S DREAM * READY FOR RENOVATION
  • THIS REDEVELOPMENT OPPORTUNITY OFFERS GREAT UPSIDE POTENTIAL
  • THE IMMEDIATE AREA IS UNDERGOING SUBSTANTIAL DEVELOPMENT
  • HIGH DENSITY OF NEW RESIDENTIAL (RIVERSIDE SQUARE) BEING CONSTRUCTED ACROSS THE ROAD
  • STATED ANNUAL NET INCOME OF $225,000.00
  • TAXES $83,000.00 (2021)
  • ADDITIONAL PARKING REVENUE
  • LEGAL DESCRIPTION FOR 682 QUEEN E: PT LT 1-2 PL 428 RIVERDALE PT 1 – 4 63R564, S/T & T/W CT319746; CITY OF TORONTO
  • LEGAL DESCRIPTION FOR 3 HAMILTON ST: PT LT 1-2 PL 428 RIVERDALE AS IN CT979362, S/T & T/W CT979362; CITY OF TORONTO

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