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701 Queen Street E
South Riverdale Toronto M4M 1G6

$5,950,000 /For Sale
Commercial

701 Queen St E Facade
Photo 1: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
Photo 2: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
Photo 3: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
Photo 4: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E11911391
Prime mixed-use commercial property located on vibrant Queen St E in South Riverdale, offering anexceptional investment opportunity. This 8,000+ sq. ft.-above-ground building features a successful pub occupying the retail space on the main floor, complete with an additional 593 sq ft basement space for storage or operations.The second floor houses four residential units: 3 studio/bachelor apartments and 1 one-bedroom unit, providing steady rental income. The property is ideally situated in a high-traffic area, close to public transportation, bike lanes, and local amenities, ensuring consistent foot traffic and tenant demand. South Riverdale is a thriving neighbourhood known for its eclectic mix of shops, restaurants, and services, attracting both locals and visitors. This property offers significant income potential with its strong commercial tenant and desirable residential units. Whether you're an investor or owner-operator, this property combines location, versatility, and steady cash flow. **EXTRAS** All residential units and the retail space are leased.
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.
Retail Area:
4104 sq. ft. Sq Ft
Office/Apt Area:
4006 sq. ft. Sq Ft
Depth:
146'4"
Frontage:
30'
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 E01
South Riverdale
Toronto
Partial
None
Utilities:
Available
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
No
Gross income:
$229,393
Net Income Before Debt:
$181,251
Expenses Actual/Estimated:
Estimated
Hydro Expenses:
$1,000
Insurance Expenses:
$14,200
Tax Expenses:
$23,527
Operating Expenses:
$47,142
Water Expenses:
$6,600
Year Expenses:
2024
Category:
Store With Apt/Office
Franchise:
No
Chattels:
Yes
Date Listed:
Jan 07, 2025
Original Price:
Previous Price:
  • Photo 1: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    701 Queen St E Facade
  • Photo 2: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    Photo 2 of 4
  • Photo 3: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    Neighbourhood
  • Photo 4: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    Neighbourhood
Listed by RE/MAX HALLMARK REALTY LTD.
Data was last updated April 23, 2025 at 11:15 PM (UTC)
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.