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1184-Queen-Street-East Brochure

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1184-Queen-Street-East Brochure QUEEN1184 STREET EAST · TORONTO · URBAN STREETFRONT ASSET FOR SALE IN THE HEART OF LESLIEVILLE, TORONTO CBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100 | Toronto, ON M5H 1J8 | 416 362 2244 | www.cbre.ca 1184 QUEEN STREET EAST URBAN // MIXED-USE ASSET FOR SALE QUEEN1184 STREET EAST · TORONTO · 1184 QUEEN STREET EAST THE OFFERING CBRE Limited is pleased to offer for sale a prime retail/residential property at 1184 Queen Street East, situated in the heart of Leslieville in Toronto. 1184 Queen Street East comprises of 859 sq. ft. of ground floor retail, an 812 sq. ft second floor 3-bedroom residential unit, and an 812 sq. ft. basement. The unit has excellent visibility with great frontage on Queen East, surrounded by the numerous popular shops and restaurants of Leslieville, a well established neigh- bourhood with leading demographics. 11 1184 QUEEN STREET EAST URBAN // MIXED-USE ASSET FOR SALE INVESTMENT HIGHLIGHTS • Excellent location on Queen Street East, in the heart of Leslieville with major upside in rents • The ground floor tenant is currently on a month-to-month lease. Vacant possession of retail on closing is possible. • Value add opportunity EXISTING ANNUAL INCOME POTENTIAL ANNUAL INCOME GF | Studio WE!: $38,702 GF | Retail: $55,000 PROPERTY DETAILS (Month-to-month) 2F | 3 Bedroom Apartment: $11,400 2F | 3 Bedroom Apartment: $19,200 Total Size: 2,483 sq. ft. Lot Size: 1,500 sq. ft Ground Floor: 859 sq. ft. Frontage: 20 ft. Total Gross Income: $50,102 Total Gross Income: $74,200 Second Floor: 812 sq. ft. Depth: 75 ft. Basement: 812 sq. ft. Expenses Annual Expenses Annual Property Tax: $11,566 Property Tax: $11,566 Hydro: Separately metered Insurance: $2,154 Insurance: $2,154 Hot Water: 50 Litre tank Utilities: $4,994 Utilities: $4,994 Oil Furnace Total Expenses: $18,714 Total Expenses: $18,714 Zoning: CR 2.5 (c1.0; r2.0) SS2 (x2224) NOI: $31,388 Potential NOI: $55,286 (Commercial Residential) PRICE: $1,088,000 OFFERS WILL BE REVIEWED ON AN AS-RECEIVED BASIS Woodeld Rd Greenwood Ave Knox Ave Hiltz Ave Shucker Paddy Oyster Knives Alton Ave AAA Hogtown Lacrosse The Beer Store Hastings Barber Shop Leslieville Variety Hastings Ave Noble HVAC Leslieville Dentistry H&R Block Tom & Sawyer Pet Food It’s the Icing on the Cake Edward Jones Investments Lee’s Food Products Ltd. Chartwell Retirement Residence Leslie Street The Friendly Thai Shish Middle Eastern Cuisine Hitch The Queens Head The Duke Live Gas Station/Auto Repair Curzon St Lamretta Pizzeria YAYA · TORONTO · · TORONTO Residential Leslie Jones Kaspace Cafe Timmie Doggie Outfitters 1184 QUEEN STREET EAST QUEEN STREET Rushbrooke Ave Descendant Detroit Style Pizza Radical Road Brewing The Leslieville Animal Hospital Culture Athletics The Purple Purl Jones Ave Paint Lounge Kibo Sushi House Leslie Grove Park Tango Palace Coee Company Crowded House BSIDE Beauty Coady Ave Public Parking La Paella 501 STREETCAR Larchmount Ave Scout Hanoi 3 Seasons Stratengers Florabunda Bertmount Ave Bobbette & Belle Ok Ok Diner Goods and Provisions Caroline Ave Greta Solomon’s Dining Room Escari Enoteca Holy Cow Turkish Towels Brooklyn Ave Remarkable Bean Brooklyn Tavern Sweat & Soda Winnifred Ave Black Rooster Decor Wine Rack Residential Empire by Bullet On the Other Hand Jewellery Cask Music Dentist Pape Avenue Queen Street East Queen Street Scotiabank The 1001 Condo Construction SIte Max Wholesalers Avling Kitchen & Brewery Zig Zag Collectables Ateaze Te Aro Boston Discount Store Boston Ave Baby on the Hip Tasty Chicken House Heward Ave Badlini Eastside Social South Riverdale Health Centre Wayla Bar & Loung Home James Decor The Thirsty Duck Carlaw Avenue Shoppers Drug Mart Good Neighbour Reliable Fish & Chips Leslieville Pumps & General Store The Dock on Queen Fuzz Wax Bar Ed’s Real Scoop Ollie Quinn The Logan Residences Under Construction The Ten Spot Rowe Farms Queen Books Leslieville Cheese Market Starbucks Purple Penguin Coee 1184 QUEEN STREET EAST URBANLogan // MIXED-USE Avenue ASSET FOR SALE Frankies Hooked Barrio Boothe Avenue Booth Avenue Oce Residential/ Empire Avenue Park Jimmie Simpson Oce Residential/ Mc Gee Street De Grassi St Bonjour Brioche Tabule Common Sort Bergstrom Boulton Ave Sash & Bustle Bridal The Peasant Table Elbers La Carnita/Sweet Jesus Queen Garden Centre LCBO Queen Street East Queen Street Brika Public Library Waxon Wax Bar Clinique De Mode Hi-Lo Bar Freedom Mobile I’ll Be Seeing You Stephan Caras Design Hair Code Lucky Star Restaurant Little Peeps NEIGHOURING TENANTS NOTABLE Lewis Street Butchers of Distinction The Opera House Rub Watcho Silhouette Tailoring Kaboom Chicken Boots & Bourbon Riverside Market Lone & Co. Pizza Nova Brickworks Ciderhouse 1184 Queen Street East is easily accessible by both public transit and car. and car. public transit both by accessible is easily East 1184 Queen Street that runs 24/7 the 501 Queen streetcar by neighbourhood is serviced The within 15 be reached can core downtown The and west. east and operates minutes a few is also Property The streetcar. via the westbound minutes providing Blvd. and Lakeshore Expressway Gardiner the DVP, from drive via car. access easy Leslieville is just east of the Don Valley, bounded by the Canadian National the Canadian bounded by the Don Valley, of east is just Leslieville the west, to Avenue the north, Empire to Street and Gerrard Railway neighbourhood The the east. to and Coxwell the south to Avenue Eastern businesses. than 220 more of consists Leslieville is a popular residential neighbourhood in the east end of the end of neighbourhood in the east is a popular residential Leslieville cafes, boutiques, local community, of sense strong its for known city It is and restaurants. popular bars most Toronto's of and some breweries given professionals and young families an in demand neighbourhood for core. the downtown to access and easy proximity its AREA OVERVIEW AREA Broadview Avenue Broadview Hotel Convenience Mart Eastbound Brewing Co. Sushi Bar Prohibition Burger Shop Pulp Kitchen AfT KT Sports Bar Toyota White Lily Diner Smah Ping Pong Lounge Kalamkaar Quince Flowers Switchback Cycling Barefoot Beauty Bar Park The Cannonball Coee Bar Darkhorse John Weeks Album Hair Genesis Downtown Magenta Health Gu il Ponte Davis Ave DVP DVP 1184 QUEEN STREET EAST URBAN // MIXED-USE ASSET FOR SALE DEMOGRAPHIC OVERVIEW Toronto is the largest city in Canada and the fifth most 1km radius Toronto populous city in North America. The various commerce Population Trends and business districts of Toronto feature a daily influx of commuters from throughout the GTA increasing the day- Population 2018 23,336 2,933,262 time population by 181% (over 400,000 people) provid- Population 2023 Projected 24,316 3,059,716 ing excellent support for retail locations and restaurants Population Growth (2013-2018) 8.4% 5.6% throughout downtown. Toronto tourism saw a record Population Growth (2018-2023) 4.2% 4.3% number of visitors in 2017, hosting more than 43.7 million visitors, generating $8.8 billion for the local economy. Income Household Income 2018 $125,268 $113,634 Leslieville is a highly sought-after location for young pro- Household Income 2021 Projected $136,963 $124,016 fessionals and families situated east of the downtown Projected Growth 2021-2023 $8,935 $7,713 core and well-serviced by the 501 Queen Streetcar. The one kilometer radius surrounding the Property supports Average Annual Household $137,113 $124,616 a total population of 23,336 as of 2018, projected to in- Expenditure crease to 24,316 by 2023. As of 2018, the average house- Educational Attainment (15+ years) hold income within a 1 kilometer radius of the Property Less than a bachelor degree 60.2% 62.5% was $125,268, well above the city of Toronto’s average in- Bachelor degree & higher 39.8% 37.5% come of $113,634. This demographic snapshot of the sur- rounding area is highly representative of the young pro- Age Distribution fessionals and families with disposable income for both Median Age 38.9 39.2 investment and consumer spending. 0 to 4 years 7.2% 5.3% 5 to 19 years 11.2% 13.6% 20 to 24 years 4.8% 7.2% 25 to 34 years 17.6% 16.9% 35 to 44 years 20.9% 15.4% 176,751 $125,268 38.9 45 to 54 years 15% 13.5% POPULATION* AVG HOUSEHOLD MEDIAN AGE* 55 to 64 years 11.4% 12.5% INCOME* 65 to 74 years 7% 8.4% *Within 1km of 1184 Queen Street East 75 years & over 4.7% 7.3% 1184 QUEEN STREET EAST URBAN // MIXED-USE ASSET FOR SALE GROUND FLOOR RETAIL SECOND FLOOR RESIDENTIAL BASEMENT 859 SF 812 SF 812 SF 8'-4" 9'-4" 18'-10" 18'-10" 38'-1" 15'-6" 37'-9" 16'-9" 20'-4" Queen Street East GLA BASEMENT: 812 SF GLA MAIN FLOOR: 859 SF GROSS EXTERIOR AREA: 812 SF GROSS EXTERIOR AREA: 812 SF STAIRS UP: 45 SF PROJECT: DRAWN BY: CHECKED BY: GROSS EXTERIOR AREA: 904 SF PROJECT: DRAWN BY: 1184 QueenCHECKED St. E. Toronto BY: KW KO KW KO 1184 Queen St. E. Toronto ANSI/BOMA Z65.5-2010, DATE SITE DATE DRAWN: MEASURED: RETAIL BUILDINGS STANDARD OF MEASUREMENT PROJECT: DRAWN BY: CHECKED BY: May 2019 May 2019 DATE SITE DATE DRAWN: COMPANY: PROJECT #: SCALE: NTS 1184 Queen St. E. Toronto KW KO MEASURED: MEASURE MASTERS May 2019 MayONTARIO 2019 CORP., 416-896-7526 FLOOR: B UNIT #: ANSI/BOMA Z65.5-2010, DATECOMPANY: SITE DATE DRAWN: PROJECT #: SCALE: NTS MEASURED: RETAIL BUILDINGS STANDARD OF MEASUREMENT May 2019 MEASUREMay MASTERS 2019 ONTARIO CORP., COMPANY: PROJECT #: 416-896-7526SCALE: NTS FLOOR: 2 UNIT #: MEASURE MASTERS ONTARIO CORP., 416-896-7526 FLOOR: 1 UNIT #: 1184 QUEEN STREET EAST URBAN // MIXED-USE ASSET FOR SALE CONTACT ARLIN MARKOWITZ* JACKSON TURNER** Senior Vice President Senior Sales Associate 416 815 2374 416 815 2394 [email protected] [email protected] ALEX EDMISON* TEDDY TAGGART Vice President Sales Representative 416 874 7266 416 847 3254 [email protected] [email protected] DAVID HO* ROBERT VEERMAN* Executive Vice President Sales Associate 604 662 5168 604 662 5139 [email protected] [email protected] *Sales Representative **Broker This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”).
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