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701 Queen Street E
South Riverdale Toronto M4M 1G6

$4,300,000 /For Sale
Commercial

Main Photo: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
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
Photo 5: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
Status:
Active
Prop. Type:
Commercial
MLS® Num:
E11911391
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.
Retail Area:
4104 sq. ft. Sq Ft
Office/Apt Area:
4006 sq. ft. Sq Ft
Lot Depth:
146'4"
Lot 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
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:
Previous Price:
  • Photo 1: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    Photo 1 of 5
  • Photo 2: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    Photo 2 of 5
  • Photo 3: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    701 Queen St E Facade
  • Photo 4: 701 Queen Street E in Toronto: South Riverdale Commercial for sale (Toronto E01)  : MLS®# E11911391
    Neighbourhood
  • Photo 5: 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 July 10, 2026 at 05:15 PM (UTC)
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