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1087-1089 Queen ST W Toronto C01, ON M6J 1H3
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto C01
Subdivision Waterfront Communities C1
MLS Listing ID C13453038
Annual Tax Amount $25,129
Tax Year 2026
Property Sub-Type Investment
Property Description
1087-1089 Queen Street West "The Great Hall" represents an unparalleled opportunity to acquire a fully leased iconic landmark investment property at the corner of Queen Street and Dovercourt Road in the heart of West Queen West. It was originally constructed for the first ever YMCA in Toronto and designed by the prominent architectural firm Gordon & Helliwell, well known for their many distinctive churches and institutional structures across Southern Ontario. The Property is currently configured for use as a restaurant on the main floor, event venue space in the lower level and main floor, event venue space on the 2nd and 3rd floor, and offices on the third and fourth floor. The total gross floor area (GFA) of the building is 32,598 square feet and the total net leaseable area is 29,115 square feet. The Property is capable of offering exceptional urban retail environments for numerous uses and also has the potential for further value creation through assemblage over time, or moderate urban redevelopment of the existing site. The Vendor currently leases Units 400, 402 and 408 at above-market rents, with the existing lease expiring on December 31, 2027. Upon closing, the Vendor will enter into a new three-year lease, covering both the currently occupied units and the remaining vacant office units, being Units 405, 407, 409 and 410.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Zoning MCR T3.0 (C1.0;R2.5)
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 130.46
Others
Security Features No,Yes
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD