507 Queen Street W, Toronto, ON M5V 2B4
Waterfront Communities, Toronto · Near Queen street W and Spadina Avenue · View map
About this home
Exceptional opportunity to acquire a well-established business in the heart of Queen Street West, one of Toronto's most vibrant and high-traffic retail corridors. Surrounded by strong residential density, popular restaurants, boutiques, and national retailers, this prime location offers excellent street exposure and consistent pedestrian traffic. Turn-key operation with existing leasehold improvements and a functional layout suitable for a variety of permitted uses. Ideal for owner-operators or investors looking to establish themselves in a highly sought-after downtown location. *Sale Of Business Without Property - Property Taxes included in monthly lease amount*
The home
- Type
- Sale of business
- Lot size
- 13.4 x 87 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Electric Forced Air
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $22,607/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Queen street W and Spadina Avenue
- Neighbourhood
- Waterfront Communities
More
- MLS® number
- C13777592
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
507 Queen Street, Toronto, ON M5V 2B4
Waterfront Communities, Toronto · Near Queen street W and Spadina Avenue
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Listing history for 507 Queen Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 507 Queen Street W
Answers come straight from this home’s MLS® listing.
How much is 507 Queen Street W listed for, and what would it cost each month?
507 Queen Street W is listed for $95,000. With 20% down ($19,000), the mortgage payment would be roughly $383 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,267 a month, all in. That figure is an illustration, not a quote.
Is 507 Queen Street W freehold or a condo, and is there a monthly fee?
507 Queen Street W is a sale of business in Waterfront Communities, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 507 Queen Street W have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 507 Queen Street W?
507 Queen Street W is a sale of business. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 507 Queen Street W, and what is the lot size?
The lot is listed as 13.4 x 87 ft.
How is 507 Queen Street W heated and cooled?
Heating is electric forced air. Cooling is yes.
What are the property taxes for 507 Queen Street W?
Property taxes are $22,607 a year (2026), or about $1,884 a month.
Where is 507 Queen Street W?
507 Queen Street W is in the Waterfront Communities community of Toronto. The nearest main intersection is Queen street W and Spadina Avenue. The postal code is M5V 2B4.
Is 507 Queen Street W still for sale?
Yes. It is an active listing (MLS® C13777592). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 507 Queen Street W asking?
Similar properties for sale nearby right now include 1205 Queen Street W at $99,900, 780 Queen Street E at $79,000 and 2195 Queen Street E at $120,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 507 Queen Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 507 Queen Street W?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Waterfront Communities, picked by style, size and price.
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Sale of business$120,0002195 Queen Street E, TorontoThe BeachesCourtesy of: ROYAL LEPAGE SIGNATURE REALTYView home →Courtesy of: RIGHT AT HOME REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.