Active

691-701 SOMERSET St W

West Centre Town Ontario, K1R 6P5

C$4,800,000


C$335.10 per sqft

Active

14,324 sqft

Commercial

691-701 Somerset Street West is one of Chinatown's most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.

X9768534

MLS ID

November 21, 2024

Updated

Map

691-701 SOMERSET St W
West Centre Town Ontario, K1R 6P5

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.2 Acres

Other Property Details

Area Name

4204 - West Centre Town


Taxes

$64,475


Tax Frequency

Annually


Garage

No


Parking Total

16


View

No


County

Ontario


Municipality

West Centre Town


Pool

No


Zoning

TM [112] H(16)

 

Courtesy of Listed by , AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES,

Based on information from the Toronto Regional Real Estate Board. 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. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 11:45 AM UTC, 11/21/2024

 

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