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Price Change · Listed Jan 7, 2025 · 660 days on market

701 Queen Street E, Toronto, ON M4M 1G6

$4,300,000

Commercial · Store W Apt/Office · 8106 sq ft · For Sale

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 summary

TypeCommercial
SubtypeStore W Apt/Office
Building area8106 Square Feet
Lot size30 × 146.32 ft
Taxes$23,527 / yr
GarageNone
PossessionTBD
OccupantTenant
Property
Lot width30
Lot depth146.32
Lot shapeRectangular
Power & Services
Heating typeGas Forced Air Closed
UtilitiesAvailable
Zoning & Taxes
Taxes / yr$23,527
Tax year2024
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Data provided by TRREB. Listed by RE/MAX HALLMARK REALTY LTD..

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