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MLS® E11911391
South Riverdale, Toronto, ON
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.
Broker
RE/MAX HALLMARK REALTY LTD.
Neighbourhood
South Riverdale
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Store W Apt/Office
701 Queen Street E Toronto
South Riverdale
Type
Store W Apt/Office
Parking
None
Property Tax
~$23,527/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
8106 sqft
Parking
None
Finances
List Price
$4,300,000
Price per SQFT
$530/sqft
Property Tax
~$23,527/yr
Property Specs
Property Type
Store W Apt/Office
MLS Size
8106 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
South Riverdale
Listed On
Jan 6, 2025
Days on Market
Current: 670 days
Room information is not available for this listing.
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