512 QUEEN STREET W, Toronto (Kensington-Chinatown)
$3,150,000
For sale: Other
- Property type
- Commercial Retail
- Bedrooms / bathrooms
- 4 bathrooms
- MLS®
- MLS® C11885935
- Neighbourhood
- Kensington-Chinatown
*** 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.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 64 days.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
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