• For sale
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor
For Sale: 625 Queen St West ±12,359 SF of Street Front Retail in the Heart of Toronto's Queen West Retail Corridor

For Sale

Colliers International as exclusive agent is pleased to offer for sale 625 Queen Street West (the “Property”). Situated in the downtown Queen West neighbourhood, the Property enjoys ±12,359 gross square feet with approximately 44 feet of frontage in the heart of Toronto’s Queen West retail corridor. Today, an international bicycle retailer operates on the ground floor, among other tenants including a fitness studio and eye care centre, all of whom are on short-term leases with well below market rents. With over 5,000 condo units in various stages of development, the Downtown West submarket is primed for continued trajectory and growth. 625 Queen Street West is perfect for the investor or user-buyer seeking a prominent foothold in the busiest retail district, in the most populous city in Canada.

BID DATE: FEBRUARY 11, 2019 AT 3:00 PM

INVESTMENT HIGHLIGHTS

Mark-To-Market Rent Upside:
Current leases are approximately 60.38% below market rent, delivering considerable upside as leases expire in 2020 and 2024

Transit Oriented:
501 Queen streetcar is accessible less than 100 metres from the Property, the longest and second-busiest streetcar route in Toronto

Brand New Build:
Due to a fire incident in 2008, the entire Property has since been completely rebuilt from the foundation up, therefore will require minimal deferred capex (completed in 2011)

High Ceilings:
The Property boasts 13-foot ceilings across the three floors representing ±12,359 SF, with an additional ±4,004 SF in the finished basement

Local Proximity:
Convenient walking proximity to the financial district (2.0KM), fashion district (650M), the entertainment district (1.8KM), and Chinatown (800M); the Property has a walk score of 99/100

Retail Hub:
The Property is positioned at the centre of Toronto's prominent retail district, the Queen West neighbourhood

Flexible Vendor Financing Available:
Potential for vendor take-back mortgage (VTB) to aid in re-lease up period

Property Details

Area Size
Building GFA ±12,359 SF
Basement GFA ±4,004 SF