Address
701 Queen Street E, Toronto, ON
Price
$ 4,300,000
Property Attributes
  • ID#E11911391
  • TypeCommercial
  • Listing Status Price Change
  • CityToronto
  • AreaSouth Riverdale
  • NeighbourhoodSouth Riverdale
  • Postal CodeM4M 1G6
  • StyleStore W Apt/Office
  • Taxes$ 23527
  • Price$ 4,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8106
Data Source:
Toronto Real Estate Board (TRREB)
Property 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.

Price History
1/7/2025 Listed $5,950,000
5/1/2025 17$4,950,000
8/22/2025 14$4,300,000

General Features

Cooling Yes
Utilities Available
Security Features Partial
Heater Type Gas Forced Air Closed
Expenses Estimated
Property Subtype Store W Apt/Office
Tax Year 2024
Lot Depth 146.32
County Toronto
Net Operating Income 185495.15
Insurance Expense 13800.0
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status Price Change
City Toronto E01
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 23527.0
Electric Expense 1000.0
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant

Interior Features

Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type None
SoilTest No
Spa No
Building Area Total 8106.0
Lot Size Source GeoWarehouse
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M4M 1G6

Price
AVG $4.3M
$4.3M
Taxes
AVG $23,527
$23,527
Visits
AVG 345
678
Data Provided by Inside Real Estate®