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242 S Queen Street
Streetsville Mississauga L5M1L5

$2,100,000 /For Sale
Commercial

Main Photo: 242 S Queen Street in Mississauga: Streetsville Property for sale : MLS®# W5124045
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W5124045
Bus Major:
Hospitality/Food Related
Great Investment Opportunity To Own One Of The Best Commercial Properties Located At The Busiest Spot In The Centre Of Famous Destination "Streetsville" - Corner Property. High Potential For Development, The Ground Floor Commercial Space Will Be Vacant By The End Of May 2021 And Listed For Lease At A Net Rent $40/Sq Ft + T.M.I. $12.39/Sq Ft Which Gives You Better New Operating Income Than The Current Lease With The Anchor Tenant "Starbucks"
Property Type:
Commercial
Commercial Type:
Commercial/Retail
Frontage:
40.79 sq. ft.
Total Area:
3,484 sq. ft.
Office/Apt Area:
0 sq. ft.
Industrial Area:
0 sq. ft.
Retail Area:
1,687 sq. ft.
Zoning:
Commercial
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
Outside/Surface
Possession Details:
Tba
Taxes:
$28,452 / 2020
Assessment:
$- / -
Streetsville
Gross Income: $105,184 (Net Rent $84,280+Tmi Recovery:$20,904) - Tmi $34,840 = Noi $70,344 (Cap 3.4%) Based On Projected New Lease For Ground Commercial Unit. Basement Has Tenant With Lease Until March, 2022
None
Utilities:
Y
Water supply:
Municipal
Sewer:
Sanitary
Seller Property Info Statement:
No
Air Conditioning:
Y
Chattels:
No
Log/Bldg/Unit Code:
Building
Sprinkler system:
No
Type Taxes:
Annual
Category:
Retail
Major Business Type:
Hospitality/Food Related
Financial Statements:
No
Franchise:
No
Freestanding:
Yes
LLBO:
No
Date Listed:
Feb 23, 2021
Original Price:
Previous Price:
  • Photo 1: 242 S Queen Street in Mississauga: Streetsville Property for sale : MLS®# W5124045
    Photo 1 of 1
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD., BROKERAGE
Data was last updated March 2, 2021 at 05:05 AM (UTC)
Sue Heddle
Direct: 416-906-7998
Century 21 Miller Real Estate Ltd., Brokerage
9-209 Speers Rd
Oakville ON L6K 0H9 CA