Listed for:Listed Jan 6, 2025
$4,300,000

701 Queen Street E

Toronto (South Riverdale), ON M4M 1G6

Store W Apt/Office For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 701 Queen Street E, Toronto, South Riverdale

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 701 Queen Street E, Toronto, South Riverdale

Summarized Description

  • 100% occupied mixed-use property in Toronto.
  • Income from commercial lease and residential units.
  • Established hospitality operator as commercial tenant.
  • Future transit station nearby enhances value.
  • Located in a vibrant commercial corridor.
  • Diverse local amenities support tenant demand.
  • Significant growth potential in the area.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$23,527
Land Transfer Tax Fee
$200,950

Interior Features

Security Features
Partial
Fireplace/Stove
No
Elevator
No

Building

Building Type
Store W Apt/Office

Lot

Lot Front
30.00 ft
Lot Depth
146.32 ft
Lot Shape
Rectangular

Parking & Garages

Garage Type
None
Parking Spaces
0

Heating & Cooling

Heat Type
Gas Forced Air Closed
Air Conditioning
Yes
Water
Municipal

Municipality
Toronto
Neighbourhood
South Riverdale
Main cross streets
Queen St E and Broadview Ave
Zoning
CR2.5 (C2;R2*2294)

MLS® number
E11911391
Data source
Toronto Regional Real Estate Board
Listed on
2025-01-06
Updated on
2026-07-08
Days on market
647 days
Co-op commission
2%
Seller
Listed by
RE/MAX HALLMARK REALTY LTD.

Home Market Value

Current home valuation for 701 Queen Street E, Toronto, South Riverdale, Toronto, ON. Listed for $4,300,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 701 Queen Street E, Toronto, South Riverdale

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Minimum down payment

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+CMHC insurance
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=Total mortgage
$3,440,000$3,225,000$3,010,000$2,795,000
Amortization
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=Mortgage payment
$16,796monthly$15,746monthly$14,696monthly$13,647monthly
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Land Transfer Tax

Provincial

$93,975

Municipal (Toronto)

$106,975

Total Land Transfer Tax

$200,950

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