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For Sale

701 Queen Street E, Toronto, ON M4M 1G6

$4,300,000

  • Store W Apt/Office
  • MLS® E11911391

Listing Brokerage: RE/MAX HALLMARK REALTY LTD.

Description

100% occupied mixed-use investment at 701 Queen Street East - one of Toronto's most active commercial corridors. The property generates income across two secured income streams: a 5-year commercial lease anchoring the ground floor and 4 residential units above. **The commercial tenant - an established hospitality operator - occupies 4,031 sq ft of main floor retail plus 593 sq ft of basement. Base rent escalates annually. **The second floor delivers 4,006 sq ft across four fully leased residential units - 3 studios and 1 one-bedroom suite. All four units are tenanted. **Building: 8,135 sq ft above grade on a 30 x 136.42 ft lot. Price per sq ft: $493 including basement. Laneway access to rear. **Location: At the intersection of established demand and accelerating growth. Queen Street East is one of Toronto's most established mixed-use corridors, supporting a diverse mix of retail, hospitality, and residential uses. With the future Ontario Line Leslieville Station steps away and East Harbour emerging as a major employment hub nearby, 701 Queen Street East is well positioned to benefit from significant transit and employment growth.The 501 Queen streetcar serves the property directly on the TTC 10-Minute Network. The DVP is less than 1 km east, offering convenient access to the broader highway network.. Riverside is home to a diverse mix of restaurants, cafés, boutiques, and independent retailers, supporting consistent commercial activity and long-term tenant demand.

Property details

MLS® number
E11911391
Transaction
For Sale
Property type
Commercial
Style / use
Store W Apt/Office
Community
South Riverdale
City
Toronto E01
Building area
8106 Square Feet
Lot width
30 Feet
Lot depth
146.32 Feet
Heating
Gas Forced Air Closed
Cooling
Yes
Garage
None
Taxes
$23,527.00
Tax year
2024
Office area
4006
Retail area
4104
Listing brokerage
RE/MAX HALLMARK REALTY LTD.

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