701 Queen ST E, Toronto E01, ON M4M 1G6
701 Queen ST E, Toronto E01, ON M4M 1G6
701 Queen ST E, Toronto E01, ON M4M 1G6
701 Queen ST E, Toronto E01, ON M4M 1G6
701 Queen ST E, Toronto E01, ON M4M 1G6
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Peter Velentis

Peter Velentis

+1(647) 287-1509
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Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Municipality Toronto E01

Subdivision South Riverdale

MLS Listing ID E11911391

Annual Tax Amount $23,527

Tax Year 2024

Property Sub-Type Store W Apt/Office

Property 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.

Location

Province ON

County Toronto

Community Toronto E01

Area Toronto

Zoning CR2.5 (C2;R2*2294)

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 30.0

Lot Depth 146.32

Others

Security Features Partial

ParcelsYN No

Listed by RE/MAX HALLMARK REALTY LTD.

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701 Queen ST E

Peter Velentis

"When you work with me, youère not just getting a realtor-youère gaining a trusted advisor whose expertise, innovative solutions, and steadfast commitment to your success make all the difference. Whether youère buying, selling, or investing, I am here to guide you every step of the way, ensuring that your real estate experience is both rewarding and stress-free."

+1(647) 287-1509

peter.velentis@lptrealty.com

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