For those with a taste for history and high-end real estate, a unique opportunity has surfaced in Toronto’s cultural heart. The coveted properties of the Great Hall and the adjoining Longboat Hall are now available on the market, offering a chance to acquire a piece of city heritage.
Spanning 1087 and 1089 Queen Street West, this landmark building is more than just real estate; it represents a legacy. It’s a structure with a storied past, having originally served as Toronto’s first YMCA and boasting the distinctive design of architectural firm Gordon & Helliwell.
Located at the corner of Queen Street West and Dovercourt Road, the complex sits right in the vibrant waterfront community. The property currently encompasses diverse spaces, including prime concert venues, dining facilities, and office areas.
The market listing puts this impressive asset up for sale at $16,900,000 CAD, with annual property taxes set at $25,129.25. What makes this opportunity particularly compelling is that the premises are already operating successfully, leased at above-market rental rates.
Beyond the financial appeal, the existing lease structure suggests stability for potential buyers. The current vendor plans to secure a new three-year lease upon closing, covering both presently occupied units and remaining vacant office spaces.
This strategic approach demonstrates that the properties are not merely vacant buildings but active, valued commercial assets with a clear future trajectory. Potential owners will be stepping into a space where history meets contemporary commercial potential.
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Credit: Exclaim!
