474 QUEEN STREET W, Toronto (Kensington-Chinatown)

$42/sqft

For rent: Other

Other at 474 QUEEN STREET W, Toronto (Kensington-Chinatown)
Property type
Commercial Retail
Bedrooms / bathrooms
2 bathrooms
MLS®
MLS® C13691360
Neighbourhood
Kensington-Chinatown

Prime Queen West Commercial Opportunity Not surprisingly, this exceptional commercial opportunity is located in the heart of Toronto's vibrant Queen West neighbourhood, one of the city's most sought-after destinations for shopping, dining, entertainment, and culture. Enjoy excellent pedestrian and vehicular traffic,convenient public transit, and strong exposure in an established and rapidly developing area surrounded by numerous condominium developments.The exceptionally clean and spacious main-floor commercial space features approximately 13-foot ceilings, with an additional basement offering approximately 7.5-foot ceilings. The property includes two washrooms and provides a versatile layout suitable for a variety of permitted commercial uses. No cannabis or restaurant uses.Flexible leasing options available: the main-floor commercial space and basement can be leased separately or together, providing an excellent opportunity to accommodate different business requirements and space needs.The property is currently tenanted; however, the possession/availability date is flexible and can be arranged with approximately 60 days' notice.An excellent opportunity for an owner-user or established business looking to establish a presence in one of Toronto's most dynamic and high-traffic neighbourhoods. Easy access to public transit and surrounded by established businesses, new developments, and a thriving Queen West community. The basement rental rate is negotiable and will depend on weather the basement is leased separately or together with the main floor.

Sold data

Homes in Kensington Chinatown — recent sold market

Homes in Kensington Chinatown took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 64, across 46 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.

The median sale price was $614,400.

Homes sold for about 4.6% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 20% of sellers reduced their price before finding a buyer.

Median days to sell
31
Median sale price
$614,400
Sale-to-list ratio
95.4%
Sold above asking
7%

Based on 46 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Kensington-Chinatown)

Toronto (Kensington-Chinatown) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Kensington-Chinatown)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 474 QUEEN STREET W