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Active

$4,300,000

701 Queen St E

Toronto E01, ON M4M 1G6

701 Queen St E, Toronto E01Listed at $4,300,000 Store W Apt/Office. MLS® E11911391.

4,104Sq Ft
Store W Apt/Office
$23,527 (2024)

Description

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.

Business Details

Property Sub-TypeStore W Apt/Office
Property UseStore With Apt/Office
Occupant TypeTenant
FranchiseNo
Chattels IncludedYes
Financial StatementsNot Available
Showing RequirementsShowing System, List Salesperson
Listing Expires1/6/2027

Commercial Space & Financials

Retail Area4,104 Sq Ft
Net Operating Income$185,495.15

Property Details

Property TypeStore W Apt/Office
CommunitySouth Riverdale
Lot Dimensions30 × 146.32 ft
Dir/Cross StQueen St E and Broadview Ave
Garage TypeNone
Heating TypeGas Forced Air Closed
A/CYes
Taxes (2024)$23,527
HSTYes
SecurityPartial
Listed Date1/7/2025
Days on Market520 days
PossessionTBD

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Property Insights

Listing Courtesy of: RE/MAX HALLMARK REALTY LTD.

MLS® #E11911391

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About Toronto Real Estate

This Store W Apt/Office is located in the South Riverdale community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.

TTC subway & streetcar networkWorld-class dining & entertainmentUniversity of Toronto & major hospitals nearbyWaterfront trails & ravine parks
Walkability: Highly walkable — many neighbourhoods score 80+ on Walk Score
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