For Sale - JLL Property
For Sale
1662 Queen St. W., Toronto
Urban Retail Investment Opportunity An exceptional opportunity to acquire an urban street-front, mixed-use asset in the rapidly gentrifying neighbourhood of Parkdale on Queen Street West. The asset is fully leased with an established retail tenant at grade, and a recently renovated two bedroom apartment on the second floor. The opportunity provides stable cash flow with future revenue growth potential through contracted rental escalations, as well as improved area leasing fundamentals.
Property Details Land Area Frontage Depth Total Building Area
1,800 sf. 18 ft. 100 ft. 2,640 sf.
Lower Level
920 sf.
Ground Floor
920 sf.
2 nd Floor
800 sf.
Zoning Official Plan Net Operating Income
CR 2.5 (c1.0; r 2.0) Mixed Use Area $44,365
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
David Horowitz* Urban Investment Sales & Leasing JLL Capital Markets Group +1 416 525 2005 [email protected]
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
Asking Price: $1,150,000 Location 1662 Queen Street West is located on the north side of Queen Street just to the east of Roncesvalles Avenue, in the neighbourhood of Parkdale. Parkdale has fostered a burgeoning artistic community which has attracted many young professionals and families to the area. Parkdale’s many vibrant storefront commercial strips have seen the development of a growing number of restaurants, bars, and high end retailers since 2010 thanks to continuing gentrification. With continued development expected, Parkdale is on the road to becoming one of the GTA’s trendiest downtown locales.
Income & Tenancy Fully leased until January 2018, the property is leased to both a commercial and residential tenant. Comprising a total 2,640 SF, the ground floor and lower level are leased to North Standard Trading Post, a trendy local clothing boutique, while the second floor two bedroom apartment is leased to a residential tenant. The combined current net operating income of the property is $44,365.
Key Highlights Prime Queen West location, rapidly gentrifying area. Fully leased commercial and residential tenants. Great access to streetcar public transit. Two parking spaces at the rear of property.
Offering Guidelines Offering Guidelines Jones Lang LaSalle Real Estate Services, Inc. Jones Lang LaSalle Estate Services, by Inc.1662 (the (the “Advisor”) hasReal been retained “Advisor”) has been by 1662 Queen Street Queen Street Westretained Holdings (the “Vendor”), on West Holdings (the “Vendor”), on an exclusive basis, to an exclusive basis, to sell 1662 Queen Street sell 1662 Queen Ontario Street West, Toronto, Ontario (the West, Toronto, (the “Property”). The‘Property”). Property is offered for sale at a price of The Property is offered for sale at a price of $1,150,000 $1,150,000 and will be sold on an as-is, where and will be sold on an as-is, where is basis, free and is basis, andVendor’s clear of debt.isThe Vendor’s clear of free debt. The objective to maximize sale objective to preference maximize proceeds proceeds is while willsale be given to Offers while with preference will be and given toclosing. Offers with limited limited conditionality timely conditionality and timely closing. Offers will be considered by the vendor on an as Offers willbasis be and considered by the vendor on an received should be submitted to the attention Elliot Medoff and David Horowitz be at 199 Bay Street, to as of received basis and should submitted 4610, Toronto, ON, M5L 1G3. and David theSuite attention of Elliot Medoff Horowitz at 199 Bay Street, Suite 4610, Toronto, ON, M5L 1G3.
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
David Horowitz* Urban Investment Sales & Leasing JLL Capital Markets Group +1 416 525 2005 [email protected]
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
1662 Queen St. W., Toronto
Urban Retail Investment Opportunity An exceptional opportunity to acquire an urban street-front, mixed-use asset in the rapidly gentrifying neighbourhood of Parkdale on Queen Street West. The asset is fully leased with an established retail tenant at grade, and a recently renovated two bedroom apartment on the second floor. The opportunity provides stable cash flow with future revenue growth potential through contracted rental escalations, as well as improved area leasing fundamentals.
Property Details Land Area Frontage Depth Total Building Area
1,800 sf. 18 ft. 100 ft. 2,640 sf.
Lower Level
920 sf.
Ground Floor
920 sf.
2 nd Floor
800 sf.
Zoning Official Plan Net Operating Income
CR 2.5 (c1.0; r 2.0) Mixed Use Area $44,365
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
David Horowitz* Urban Investment Sales & Leasing JLL Capital Markets Group +1 416 525 2005 [email protected]
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
Asking Price: $1,150,000 Location 1662 Queen Street West is located on the north side of Queen Street just to the east of Roncesvalles Avenue, in the neighbourhood of Parkdale. Parkdale has fostered a burgeoning artistic community which has attracted many young professionals and families to the area. Parkdale’s many vibrant storefront commercial strips have seen the development of a growing number of restaurants, bars, and high end retailers since 2010 thanks to continuing gentrification. With continued development expected, Parkdale is on the road to becoming one of the GTA’s trendiest downtown locales.
Income & Tenancy Fully leased until January 2018, the property is leased to both a commercial and residential tenant. Comprising a total 2,640 SF, the ground floor and lower level are leased to North Standard Trading Post, a trendy local clothing boutique, while the second floor two bedroom apartment is leased to a residential tenant. The combined current net operating income of the property is $44,365.
Key Highlights Prime Queen West location, rapidly gentrifying area. Fully leased commercial and residential tenants. Great access to streetcar public transit. Two parking spaces at the rear of property.
Offering Guidelines Offering Guidelines Jones Lang LaSalle Real Estate Services, Inc. Jones Lang LaSalle Estate Services, by Inc.1662 (the (the “Advisor”) hasReal been retained “Advisor”) has been by 1662 Queen Street Queen Street Westretained Holdings (the “Vendor”), on West Holdings (the “Vendor”), on an exclusive basis, to an exclusive basis, to sell 1662 Queen Street sell 1662 Queen Ontario Street West, Toronto, Ontario (the West, Toronto, (the “Property”). The‘Property”). Property is offered for sale at a price of The Property is offered for sale at a price of $1,150,000 $1,150,000 and will be sold on an as-is, where and will be sold on an as-is, where is basis, free and is basis, andVendor’s clear of debt.isThe Vendor’s clear of free debt. The objective to maximize sale objective to preference maximize proceeds proceeds is while willsale be given to Offers while with preference will be and given toclosing. Offers with limited limited conditionality timely conditionality and timely closing. Offers will be considered by the vendor on an as Offers willbasis be and considered by the vendor on an received should be submitted to the attention Elliot Medoff and David Horowitz be at 199 Bay Street, to as of received basis and should submitted 4610, Toronto, ON, M5L 1G3. and David theSuite attention of Elliot Medoff Horowitz at 199 Bay Street, Suite 4610, Toronto, ON, M5L 1G3.
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
David Horowitz* Urban Investment Sales & Leasing JLL Capital Markets Group +1 416 525 2005 [email protected]
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
