701 Queen Street E, Toronto
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. (id:1945)
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Property details for 701 Queen Street E, Toronto
- Type
- Commercial
- Living Area
- 8,106 square feet
- Lot Size
- 30 x 146.32 FT
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Annual Taxes
- $23,527
Nearby Listings Stat
Estimated price and comparable properties near 701 Queen Street E
Active Listings
911
Min Price
$1
Max Price
$23,423,423
Avg Price
$951,984
Days on Market
66
days
Sold Listings
345
Min Sold Price
$1
Max Sold Price
$3,995,000
Avg Sold Price
$775,986
Days until Sold
62
days
Price History
Listed
January 7, 2025
by RE/MAX HALLMARK REALTY LTD.
Current Price
$4,300,000
Type
Commercial
For Sale