Our Agents' Listings
701 Queen Street E
South Riverdale
Toronto
M4M 1G6
$4,300,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- E11911391
- Photos (5)
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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 Type:
- Commercial
- Property Sub Type:
- Store W Apt/Office
- Freestanding:
- No
- Total Area:
- 8106 sq. ft. Square Feet
- Total Area:
- 8,106 sq. ft.753 m2
- Retail Area:
- 4104 sq. ft. Sq Ft
- Office/Apt Area:
- 4006 sq. ft. Sq Ft
- Lot Depth:
- 146'4"44.6 m
- Lot Frontage:
- 30'9.14 m
- Lot Shape:
- Rectangular
- Water supply:
- Municipal
- Soil Test:
- No
- Zoning:
- CR2.5 (C2;R2*2294)
- Heating type:
- Gas Forced Air Closed
- Survey Available:
- No
- Garage:
- None
- Parking Spaces:
- 0
- Trailer Parking Spots:
- 0
- Possession Details:
- TBD
- HST Applicable To Sale Price:
- Yes
- Type Taxes:
- Annual
- Taxes:
- $23,527 / 2024
- Assessment:
- $- / -
- Toronto
- Toronto E01
- South Riverdale
- Partial
- None
- Utilities:
- Available
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Financial Statements:
- No
- Gross income:
- $232,193
- Net Income Before Debt:
- $185,495.15
- Expenses Actual/Estimated:
- Estimated
- Hydro Expenses:
- $1,000
- Insurance Expenses:
- $13,800
- Tax Expenses:
- $22,441
- Operating Expenses:
- $46,698
- Water Expenses:
- $6,600
- Year Expenses:
- 2026
- Category:
- Store With Apt/Office
- Franchise:
- No
- Chattels:
- Yes
- Date Listed:
- Jan 07, 2025
- Original Price:
- $5,950,000
- Previous Price:
- $5,950,000
Larger map options:
Listed by RE/MAX HALLMARK REALTY LTD.
Data was last updated August 15, 2026 at 04:15 PM (UTC)
- Jeff Cook
- 1-888-478-8797
- Contact by Email
The enclosed information while deemed to be correct, is not guaranteed.
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