356 Queen Street, Toronto, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $8,999,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
- equipped with yes central cooling and highly efficient water radiators heating
Description
Offering a 100% freehold interest in 356 Queen Street West (the "Property"), a landmark opportunity situated in the heart of Queen West - one of Toronto's most coveted boutique retail, office and residential corridors. The Property presents a street front retail property fully occupied by Fjallraven & four apartment units. In addition to the excellent income stability with Fjallraven having over 4 years of term remaining, the Property features residential rents ~45% below current market rates. 356 Queen Street West occupies approximately 27 feet of prime frontage on the coveted north side of Queen Street West, east of Spadina Avenue amidst one of the most active areas for retail in Toronto. 356 Queen Street West is being offered with attractive in-place financing and provides an investor value enhancement opportunities through proactive management and leasing initiatives.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 356 Queen Street W, Toronto C01, ON M5V 2A2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $8,999,999 in Toronto, the legal minimum down payment is $1,800,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $211,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $211,475 also applies, bringing the total estimated land transfer taxes to $422,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
