Address
512 Queen Street W, Toronto, ON
Price
$ 3,150,000
Property Attributes
  • ID#C11885935
  • TypeCommercial
  • Listing Status Extension
  • CityToronto
  • AreaKensington-Chinatown
  • NeighbourhoodKensington-Chinatown
  • Postal CodeM5V 2B3
  • StyleHospitality/Food Related
  • Taxes$ 42284
  • Price$ 3,150,000
  • Bedrooms0
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage5819
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

*** Visit the REALTOR website for further information about this Listing *** This 3 storey Victorian property is located on the preferred north side and at the heart of trendy Queen St West. It sits between Spadina Ave and Bathurst St at the top of Portland St., and is across the street from Loblaws and Joe Fresh. The building has 15.75ft of prime frontage with high ceilings. A successful restaurant/bar business has operated here for at least 6 decades and the building features 2 floors with 3 licensed rooms and 2 licensed patios. Public washrooms are in the basement. The 3rd floor has 3 offices and a washroom. The total usable size of the property is 5,819 sq./ft. including the patios and basement. This property will be highly attractive to investors due to its stable and reliable potential income, attractive location, and huge foot traffic in the area. The area is well served by TTC streetcar lines on both Queen and Bathurst streets and the upcoming Ontario Subway Line with a stop at Queen and Spadina. The property was renovated in the early 1980's and the front facade was restored in 2008 in accordance with requirements of the Toronto Historical Board. The building has a liquor licence for 133 people.

Price History
12/8/2024 Listed $3,800,000
2/11/2025 6$3,600,000
11/6/2025 9$3,300,000
3/31/2026 4$3,200,000
4/9/2026 2$3,150,000

General Features

Sewer Septic Available
Cooling Yes
Utilities Yes
Security Features No
Heater Type Gas Forced Air Open
Amps 200
Property Subtype Commercial Retail
Tax Year 2024
Lot Depth 141.14
Business Type Hospitality/Food Related
Community Features Public Transit,Subways
Business Name Bar Karma
County Toronto
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status Extension
City Toronto C01
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 42284.47
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 2199000
Legal Description PT LT N/S Queen St PL65 City of Toronto CT21734

Interior Features

Clear Height Feet 11
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No
Total Baths 4
SeatingCapacity 133

Exterior Features

Garage Type None
Rail No
Spa No
Building Area Total 5819.0
Lot Size Source Survey
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M5V 2B3

Price
AVG $2.76M
$3.15M
Taxes
AVG $45,142
$42,284
Visits
AVG 288
673
Data Provided by Inside Real Estate®