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Toronto W01, ON M6K 1L7,1354 Queen ST W
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Toronto W01, ON M6K 1L7,1354 Queen ST W
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 22,500,000
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1354 Queen ST W Toronto W01, ON M6K 1L7

152,277 SqFt

UPDATED:

10/17/2024 07:57 PM

Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

Square Footage 152,277 sqft

Price per Sqft $147

MLS Listing ID W9410183

Annual Tax Amount $156,833

Tax Year 2024

Property Description

1354-1360 Queen Street West and 8-14 Brock Avenue, Toronto, Ontario represents an excellent opportunity to acquire a mid-rise development site in Toronto's Queen West neighbourhood with zoning entitlements in place. Located 300 m west of the intersection of Queen Street West and Dufferin Street, future residents will benefit from excellent public transit access and a number of desirable neighbourhoods easily accessible from the Property. The Vendor has successfully completed Zoning By-law Amendment and Official Plan Amendment applications for the Property to permit a 12-storey mixed-use redevelopment of the Site comprising 152,277 square feet of gross floor area, including 221 residential units and 3,402 square feet of retail space at grade. The Property is currently improved with commercial and residential buildings occupied by various tenants that provide interim cash flow, with lease termination clauses allowing for near-term development. The Property is being offered free and clear of existing financing, with the Vendor open to providing financing for qualified purchasers.

Location

Province ON

County Toronto

Zoning CR 2.5 (c1.0; r2.0) SS2 (x965)

Exterior

Utilities Available Yes

Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.
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