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701 Queen Street E
South Riverdale Toronto M4M 1G6

$5,950,000 /For Sale
Commercial

Main Photo: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
Photo 1: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
Photo 2: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
Photo 3: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
Photo 4: 701 Queen Street E in Toronto: South Riverdale Property 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.
Property Type:
Commercial
Commercial Type:
Store w/Apt/Office
Depth:
146'4"
Frontage:
30'
Total Area:
8,106 sq. ft.
Office/Apt Area:
4,006 sq. ft.
Retail Area:
4,104 sq. ft.
Zoning:
CR2.5 (C2;R2*2294)
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
None
Total Parking Spaces:
0
Trailer Parking Spots:
0
Possession Details:
TBD
Taxes:
$23,527 / 2024
Assessment:
$- / -
South Riverdale
All residential units and the retail space are leased.
None
Utilities:
A
Water supply:
Municipal
Seller Property Info Statement:
No
Air Conditioning:
Y
Chattels:
Yes
Log/Bldg/Unit Code:
Lot
Soil Test:
No
Sprinklers:
Part
Survey Available:
No
Type Taxes:
Annual
Category:
Store With Apt/Office
Financial Statements:
No
Franchise:
No
Freestanding:
No
Gross income:
$229,393
Expenses Actual/Estimated:
Estimated
Hydro Expenses:
1000
Insurance Expenses:
14200
Operating Expenses:
$47,142
Tax Expenses:
$23,527
Water Expenses:
$6,600
Year Expenses:
2024
Net Income Before Debt:
$181,251
Date Listed:
Jan 07, 2025
Original Price:
Previous Price:
  • Photo 1: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
    Photo 1 of 4
  • Photo 2: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
    Photo 2 of 4
  • Photo 3: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
    Photo 3 of 4
  • Photo 4: 701 Queen Street E in Toronto: South Riverdale Property for sale (Toronto E01)  : MLS®# E11911391
    Photo 4 of 4
Listed by RE/MAX HALLMARK REALTY LTD.
Data was last updated January 18, 2025 at 03:55 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 Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.