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1184QUEEN STREET EAST

· TORONTO ·

CBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100 | Toronto, ON M5H 1J8 | 416 362 2244 | www.cbre.ca

URBAN STREETFRONT ASSET FOR SALEIN THE HEART OF LESLIEVILLE, TORONTO

1184 QUEEN STREET EAST URBAN // MIXED-USE ASSET FOR SALE

1184 QUEEN STREET EASTTHE OFFERING

11

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.


· TORONTO ·


INVESTMENT HIGHLIGHTS

PROPERTY DETAILS

PRICE: $1,088,000OFFERS WILL BE REVIEWED ON AN AS-RECEIVED BASIS

Total Size: 2,483 sq. ft.

Ground Floor: 859 sq. ft.

Second Floor: 812 sq. ft.

Basement: 812 sq. ft.

Lot Size: 1,500 sq. ft

Frontage: 20 ft.

Depth: 75 ft.

Hydro: Separately metered

Hot Water: 50 Litre tank

Oil Furnace

Zoning: CR 2.5 (c1.0; r2.0) SS2 (x2224)

(Commercial Residential)

• 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!:(Month-to-month)

$38,702

2F | 3 Bedroom Apartment: $11,400

Total Gross Income: $50,102

GF | Retail: $55,000

2F | 3 Bedroom Apartment: $19,200

Total Gross Income: $74,200

Expenses Annual

Property Tax: $11,566

Insurance: $2,154

Utilities: $4,994

Total Expenses: $18,714

NOI: $31,388

Expenses Annual

Property Tax: $11,566

Insurance: $2,154

Utilities: $4,994

Total Expenses: $18,714

Potential NOI: $55,286


AREA OVERVIEWLeslieville is a popular residential neighbourhood in the east end of the city known for its strong sense of community, local boutiques, cafes, breweries and some of Toronto's most popular bars and restaurants. It is an in demand neighbourhood for families and young professionals given its proximity and easy access to the downtown core.

Leslieville is just east of the Don Valley, bounded by the Canadian National Railway and Gerrard Street to the north, Empire Avenue to the west, Eastern Avenue to the south and Coxwell to the east. The neighbourhood consists of more than 220 businesses.

1184 Queen Street East is easily accessible by both public transit and car. The neighbourhood is serviced by the 501 Queen streetcar that runs 24/7 and operates east and west. The downtown core can be reached within 15 minutes via the westbound streetcar. The Property is also a few minutes drive from the DVP, Gardiner Expressway and Lakeshore Blvd. providing easy access via car.

Queen Street East

Jimmie SimpsonPark

Leslie Grove Park

Lewis Street

Boulton Ave

De G

rassi St

Mc G

ee Street

Empire Avenue

Booth AvenueBoothe Avenue

Logan Avenue

Carlaw Avenue

Boston Ave

Pape Avenue

Leslie Street

Wood�eld Rd

Brooklyn Ave

Bertmount Ave

Caroline Ave

Larchmount Ave

Coady Ave

Jones Ave

Rushbrooke Ave

Curzon St

Hastings Ave

Alton Ave

Hiltz Ave

Knox Ave

Greenw

ood Ave

Winnifred Ave

Hew

ard Ave

Broadview Avenue

DVP

DVP

Davis Ave

Gu�il PonteM

agenta Health

Album Hair

The Cannonball Co�ee BarBarefoot Beauty Bar

Hair CodeI’ll Be Seeing YouHi-Lo Bar

Switchback CyclingKalam

kaar

Convenience Mart

Bergstrom

Purple Penguin Co�ee

Rowe Farms

Leslieville Pumps & General Store

Good Neighbour

South Riverdale Health Centre

Baby on the HipTe AroZig Zag Collectables

DentistOn the Other Hand Jewellery

Black Rooster Decor

Sweat & SodaBrooklyn TavernRem

arkable BeanEscari Enoteca

Bobbette & Belle

Crowded House

Kibo Sushi HousePaint LoungeCulture AthleticsRadical Road Brewing

The Duke Live

Shish Middle Eastern Cuisine

Lee’s Food Products Ltd.

Tom & Sawyer Pet Food

Noble HVACLeslieville VarietyThe Beer Store

Shucker Paddy Oyster Knives

Kaspace Cafe

FlorabundaHanoi 3 Seasons

Public Parking

ResidentialWine Rack

Empire by Bullet

Leslieville Cheese Market

Sash & Bustle Bridal

ElbersQueen Garden Centre

Public Library

Sushi BarPulp Kitchen

Lucky Star Restaurant

The Opera HouseSilhouette Tailoring

Brickworks Ciderhouse

Boots & BourbonLone & Co.

Toyota

Genesis Downtown

Darkhorse

Broadview Hotel

Riverside Market

KT Sports Bar

White Lily Diner

Quince Flowers

Smah Ping Pong Lounge

AfTBurger ShopProhibition

Eastbound Brewing Co.

Pizza Nova

Kaboom Chicken

Rub Watcho

The Peasant TableLa Carnita/Sweet Jesus

Bonjour Brioche

Under Construction

The 1001 Condo Construction SIte

The LoganResidences

Residential

Residential/O�ce

Residential/O�ce

ScotiabankM

ax Wholesalers

Avling Kitchen & BreweryAteaze

Boston Discount Store

Tabule

LCBO

Comm

on Sort

BrikaW

axon Wax Bar

Butchers of DistinctionLittle Peeps

Stephan Caras DesignFreedom

Mobile

Clinique De Mode

John WeeksPark

StarbucksQueen BooksThe Ten Spot

Ollie QuinnEd’s Real Scoop

Fuzz Wax Bar

The Dock on QueenReliable Fish & Chips

Shoppers Drug Mart

The Thirsty DuckHom

e James Decor

Wayla Bar & Loung

BadliniEastside Social

Tasty Chicken House

Cask Music

BarrioHooked

Frankies

Holy Cow Turkish Towels

Ok Ok Diner

BSIDE Beauty

The Purple PurlThe Leslieville Anim

al HospitalDescendant Detroit Style Pizza

Timm

ie Doggie Outfitters

Lamretta Pizzeria

Gas Station/Auto RepairThe Queens Head

HitchThe Friendly Thai

Edward Jones Investments

It’s the Icing on the CakeH&R Block

Leslieville Dentistry

Hastings Barber ShopHogtown Lacrosse

AAA

Chartwell Retirement Residence

YAYA

Leslie Jones

La PaellaScout

Stratengers

Tango Palace Co�ee Company

Goods and ProvisionsGreta Solom

on’s Dining Room

Queen Street East

· TORONTO ·


501 STREETCAR

NOTABLE NEIGHOURING TENANTS


Toronto is the largest city in Canada and the fifth most populous city in North America. The various commerce and business districts of Toronto feature a daily influx of commuters from throughout the GTA increasing the day-time population by 181% (over 400,000 people) provid-ing excellent support for retail locations and restaurants throughout downtown. Toronto tourism saw a record number of visitors in 2017, hosting more than 43.7 million visitors, generating $8.8 billion for the local economy. Leslieville is a highly sought-after location for young pro-fessionals and families situated east of the downtown core and well-serviced by the 501 Queen Streetcar. The one kilometer radius surrounding the Property supports a total population of 23,336 as of 2018, projected to in-crease to 24,316 by 2023. As of 2018, the average house-hold income within a 1 kilometer radius of the Property was $125,268, well above the city of Toronto’s average in-come of $113,634. This demographic snapshot of the sur-rounding area is highly representative of the young pro-fessionals and families with disposable income for both investment and consumer spending.

1km radius Toronto

Population Trends

Population 2018 23,336 2,933,262

Population 2023 Projected 24,316 3,059,716

Population Growth (2013-2018) 8.4% 5.6%

Population Growth (2018-2023) 4.2% 4.3%

Income

Household Income 2018 $125,268 $113,634

Household Income 2021 Projected $136,963 $124,016

Projected Growth 2021-2023 $8,935 $7,713

Average Annual Household Expenditure

$137,113 $124,616

Educational Attainment (15+ years)

Less than a bachelor degree 60.2% 62.5%

Bachelor degree & higher 39.8% 37.5%

Age Distribution

Median Age 38.9 39.2

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%

45 to 54 years 15% 13.5%

55 to 64 years 11.4% 12.5%

65 to 74 years 7% 8.4%

75 years & over 4.7% 7.3%

DEMOGRAPHIC OVERVIEW

POPULATION* AVG HOUSEHOLDINCOME*

MEDIAN AGE*

176,751 $125,268 38.9

*Within 1km of 1184 Queen Street East


38'-1

"

18'-10"

15'-6"

8'-4"9'

-4"

GLA MAIN FLOOR: 859 SFSTAIRS UP: 45 SFGROSS EXTERIOR AREA: 904 SF

20'-4"16'-9"

PROJECT: DRAWN BY: CHECKED BY:

DATE SITE DATE DRAWN:

PROJECT #: SCALE: NTS

FLOOR: 1 UNIT #:

MEASURED:

COMPANY:

1184 Queen St. E. Toronto KW KO

416-896-7526ONTARIO CORP.,

MEASURE MASTERS

ANSI/BOMA Z65.5-2010,RETAIL BUILDINGS STANDARD OF MEASUREMENT May 2019 May 2019

GROSS EXTERIOR AREA: 812 SF




FLOOR: 2 UNIT #:

MEASURED:

COMPANY:



MEASURE MASTERS

May 2019 May 2019

18'-10"

37'-9

"GLA BASEMENT: 812 SFGROSS EXTERIOR AREA: 812 SF




FLOOR: B UNIT #:

MEASURED:

COMPANY:



MEASURE MASTERS

ANSI/BOMA Z65.5-2010,RETAIL BUILDINGS STANDARD OF MEASUREMENT May 2019 May 2019

GROUND FLOOR RETAIL 859 SF

SECOND FLOOR RESIDENTIAL 812 SF

BASEMENT 812 SF

Queen Street East


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”). The information set out herein, including, without limitation, any pro-jections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.

ARLIN MARKOWITZ*Senior Vice President

416 815 2374 [email protected]

JACKSON TURNER**Senior Sales Associate


*Sales Representative**Broker

TEDDY TAGGARTSales Representative


ROBERT VEERMAN*Sales Associate


ALEX EDMISON*Vice President


DAVID HO*Executive Vice President


CONTACT

Documents

1184urbanretailtoronto.com/code/wp-content/uploads/2019/06/1184-Que… · Dentist On the Other Hand Jewellery Black Rooster Decor Sweat & Soda Brooklyn Tavern Remarkable Bean Escari