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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,658,800
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Located at 323 Queen St. East in Toronto's Dynamic Downtown East Neighbourhood, This Property is a Commercial Unit (Unit 1A) Within a Co-Ownership Building. Spanning over 1300 sqft on the main floor, it offers front door access along Queen St. E., ensuring high visibility to passing foot traffic. In addition, there's ample basement storage space. With a TTC streetcar stop at your doorstep and the future Metrolinx stations at Berkley St. & King St. E. and Sherbourne St. & Queen Street East within walking distance, it's superbly connected. The property's proximity to the Financial District, easy access to the Gardiner Expressway and Don Valley Parkway, and its location in a neighbourhood filled with life, including the Distillery District and Corktown, make it an enticing opportunity for commercial endeavours. The building also includes three other separately owned residential units through Co-Ownership. (id:39198)
Location
Province
Ontario
City
Toronto
Address
#1a -323 Queen St E
Postal Code
M5A1S9
Location Highlights
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Listed by
ENGEL & VOLKERS TORONTO CENTRAL Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
1,322
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$3,658,800
Asking Price
$3,658,800
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
1,322
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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