CORNER PROPERTY FOR SALE ON QUEEN ST EAST

• 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