1606 E Queen St

    Toronto, ON M4L 1G2
    • $228,000
    • STATUS: Active
    • ON SITE: 10 days
    • ID#: E4565325
    $228,000
    • 0
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighbourhood:
    Type:
    Commercial
    County:
    Area:

    Description

    Once In A Lifetime Opportunity To Purchase Long Time, Reputable Restaurant Known To Many Torontonians! Operating Since 1988. Add Your Touch Or Start Your Own Rest. In Popular Beaches Neighborhood W/ Good Exposure On Busy Queen St. Close To Corner. Property Has Too Much Potential For Large Or Small Operations. Basement Adds Almost 4,000 Sqft. Usable Space And Functioning Kitchen. Can Be Two Self Contained Operations (Sub-Lease Opp.). Newer Building (2000).

    Extras: All Existing Chattels, See Chattel List Attached. 3 Walk-In Freezer/Coolers. 6 Bathrooms, Rear Shipping Door W/ Laneway Access. Seller Also Landlord, Can Negotiate Good Lease As Incentive. Current Revenues $16,000 Per Week! (Conservative).

    Monthly Payment Calculator

    Listing information © 2019 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Jacky Man | Remax Ultimate Realty Inc.. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2019-09-14T21:39:44.937.
    www.jackyman.com/homes/98638519

    1606 E Queen St Toronto, ON M4L 1G2

    • Price: $228,000
    • Status: Active
    • ID#: E4565325
    0
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighbourhood:
    Greenwood-Coxwell
    County:
    Ontario
    Area:
    Toronto E01
    Property Description
    Once In A Lifetime Opportunity To Purchase Long Time, Reputable Restaurant Known To Many Torontonians! Operating Since 1988. Add Your Touch Or Start Your Own Rest. In Popular Beaches Neighborhood W/ Good Exposure On Busy Queen St. Close To Corner. Property Has Too Much Potential For Large Or Small Operations. Basement Adds Almost 4,000 Sqft. Usable Space And Functioning Kitchen. Can Be Two Self Contained Operations (Sub-Lease Opp.). Newer Building (2000).

    Extras: All Existing Chattels, See Chattel List Attached. 3 Walk-In Freezer/Coolers. 6 Bathrooms, Rear Shipping Door W/ Laneway Access. Seller Also Landlord, Can Negotiate Good Lease As Incentive. Current Revenues $16,000 Per Week! (Conservative).
    Exterior Features

    Area Influences Major HighwayPublic Transit Freestanding Yes Garage Type None Lot Depth 150.00 Lot Front 25.00 Lot Size Code Feet Parking Spaces 2 Percent Building 100

    Interior Features

    Air Conditioning Y Basement Y Electric Volts 600 Heat Type Gas Forced Air Closd Retail Area 100 Retail Area Code % Seats 116 Total Area 3450.00 Total Area Code Sq Ft

    Property Features

    Approx Age 16-30 Business Building Name Tulip Restaurant Category Without Property Chattels Yes Commercial Type Sale Of Business Cross Streets Queen St. E. & W. Coxwell Ave. Days Open 7 Employees 12 Expenses Actual Or Estimated Act Financial Statement Yes Franchise No Heat Expenses 750 Hours Open 8-11 Hydro Expense 450 Insurance Expense 580 List Price Type For Sale LLBO Yes Lot Code Building Maximum Rental Term 120 Minimum Rental Term 60 Occupancy Tenant Sale Or Lease Sale Seller Property Info Statement No Sprinklers Y Tax Year 2019 Taxes 26762.80 Taxes Expense 2200 Taxes Type Annual Use Restaurant Utilities Y Water Municipal Water Expense 560 Year Expenses 2019 Zoning Retail

    Listing courtesy of Re/Max Crossroads Realty Inc., Brokerage.
    Listing information © 2019 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Jacky Man | Remax Ultimate Realty Inc.. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2019-09-14T21:39:44.937.
     
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