The four-level commercial building at 202 Queen Street West is for sale and has seen a significant price reduction. The building, housing Ontario’s first legal cannabis store, is asking $5 million, considerably less than its appraised value of $6.6 million.
202 Queen is located on a busy stretch of Queen Street West, about a block west of University Avenue, Osgoode TTC subway station and the Financial District. This particular stretch of Queen Street has seen various redevelopments, and is lined by a mix of local, national and international retailers.
The total above-ground area of 202 Queen Street West building is 4,647 square feet, which includes a two-level retail area of 3,098 square feet and a third-level 1,549 square foot flex space that can be used for an office, apartment or other use. There’s an additional 800 square foot basement level. The building’s lot spans 20.16 feet on Queen Street and is 102 feet deep, with rear access onto Renfrew Place. There is parking at the rear of the building that it protected by gates.
Prior to securing a permanent retail tenant, 202 Queen was home to numerous lucrative pop-up activations and prior to that, hat retailer New Era’s Canadian flagship occupied the building.
The building also has a website that includes more photos and a Matterport 3D tour: www.202queen.ca
*Retail Insider worked with the owners of this building to create this article.