701 Queen Street
Toronto E01, ON
- 8,106 sqft
- Store W Apt/Office
- 612 days on market
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.
Listing Details
- Taxes (2024)
- $23,527
- Originally Listed
- $5,950,000
- Listed
- January 6, 2025
Price History
Property
- Lot Size
- 30 x 146.32 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Queen St E and Broadview Ave
- Zoning
- CR2.5 (C2;R2*2294)
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 4006 Sq Ft
Community
Postal area M4M
- Population
- 25,052
- Private dwellings
- 12,249
- Median age
- 38.8
- Average household size
- 2.2
- Median household income
- $99,000
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 E01 · last 12 months
- Median sold price
- $1,175,000
- Homes sold
- 684
- Median days on market
- 9
- Sale-to-list price
- 106.2%
Based on 684 recorded sales of commercial properties in Toronto E01 over the last 12 months.
Listed by
RE/MAX HALLMARK REALTY LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 8,106 sq ft
- Price per sq ft
- $530.47
- Annual property tax
- $23,527
- Tax per sq ft
- $2.90
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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