511 Queen Street
Toronto C08, ON
2 bed • 1 bath • 1,500 sqft • Commercial Retail • 124 days on market
Exceptional residential & commercial investment opportunity in the heart of Toronto's vibrant and highly sought-after Corktown community. This rare offering features approximately 1,500 sq. ft. of prime downtown real estate in one of the city's most rapidly evolving neighbourhoods. Currently configured as two self-contained 1-bedroom, 1-bathroom units, the property offers strong income potential with the opportunity to renovate, reposition, or completely transform to maximize value. This property presents an outstanding canvas for investors, end-users, or developers looking to unlock its full potential. Unbeatable location with direct access to Queen St E and TTC at your doorstep, seamless connectivity to the DVP and Gardiner Expressway, and just a short walk to the upcoming Ontario Line subway. Previously commercial and now residentially zoned, the property offers flexibility with potential to convert back to commercial use (buyer to verify). A rare opportunity to secure a value-add property in one of Toronto's most dynamic and established neighbourhoods
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Listing Details
- Taxes (2025)
- $6,093
- Listed
- April 20, 2026
Price History
Listing history
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Property
- Lot Size
- 13.08 x 84.5 Feet
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- Queen St E /River St
- Zoning
- CR2(c2;r2)*2104)
- Parcel Number
- 210780095
- Possession
- Flexible
Commercial
- Occupancy
- Vacant
Included
- Inclusions
- hwt (owned), all appliances as is where is
- Exclusions
- window coverings, light fixtures
Community
Postal area M5A
- Population
- 48,978
- Private dwellings
- 30,508
- Median age
- 36.4
- Average household size
- 1.8
- Median household income
- $71,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto C08 · last 12 months
- Median sold price
- $595,000
- Homes sold
- 1,638
- Median days on market
- 28
- Sale-to-list price
- 97.4%
Based on 1,638 recorded sales of commercial properties in Toronto C08 over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY LTD.
Commercial figures
- Building area
- 1,500 sq ft
- Price per sq ft
- $499.33
- Annual property tax
- $6,093
- Tax per sq ft
- $4.06
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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