512 Queen Street W, Toronto, ON M5V 2B3
Kensington-Chinatown, Toronto · Near Queen St W at Portland St. · View map
About this home
*** Visit the REALTOR website for further information about this Listing *** This 3 storey Victorian property is located on the preferred north side and at the heart of trendy Queen St West. It sits between Spadina Ave and Bathurst St at the top of Portland St., and is across the street from Loblaws and Joe Fresh. The building has 15.75ft of prime frontage with high ceilings. A successful restaurant/bar business has operated here for at least 6 decades and the building features 2 floors with 3 licensed rooms and 2 licensed patios. Public washrooms are in the basement. The 3rd floor has 3 offices and a washroom. The total usable size of the property is 5,819 sq./ft. including the patios and basement. This property will be highly attractive to investors due to its stable and reliable potential income, attractive location, and huge foot traffic in the area. The area is well served by TTC streetcar lines on both Queen and Bathurst streets and the upcoming Ontario Subway Line with a stop at Queen and Spadina. The property was renovated in the early 1980's and the front facade was restored in 2008 in accordance with requirements of the Toronto Historical Board. The building has a liquor licence for 133 people.
The home
- Type
- Commercial retail
- Square footage
- 5819 sq ft
- Bathrooms
- 4
- Lot size
- 15.8 x 141.1 ft
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $42,284/yr
- Tax year
- 2024
- Occupancy
- Tenant
- Possession
- Negotiable
- Cross street
- Queen St W at Portland St.
- Neighbourhood
- Kensington-Chinatown
More
- MLS® number
- C11885935
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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.
512 Queen Street, Toronto, ON M5V 2B3
Kensington-Chinatown, Toronto · Near Queen St W at Portland St.
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Listing history for 512 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 512 Queen Street W
Answers come straight from this home’s MLS® listing.
How much is 512 Queen Street W listed for, and what would it cost each month?
512 Queen Street W is listed for $3,150,000. With 20% down ($630,000), the mortgage payment would be roughly $12,706 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $16,230 a month, all in. That figure is an illustration, not a quote.
Is 512 Queen Street W freehold or a condo, and is there a monthly fee?
512 Queen Street W is a commercial retail in Kensington-Chinatown, 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 512 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 512 Queen Street W?
512 Queen Street W is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 512 Queen Street W, and what is the lot size?
The lot is listed as 15.8 x 141.1 ft.
How is 512 Queen Street W heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 512 Queen Street W?
Property taxes are $42,284 a year (2024), or about $3,524 a month.
Where is 512 Queen Street W?
512 Queen Street W is in the Kensington-Chinatown community of Toronto. The nearest main intersection is Queen St W at Portland St.. The postal code is M5V 2B3.
Is 512 Queen Street W still for sale?
Yes. It is an active listing (MLS® C11885935). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 512 Queen Street W asking?
Similar properties for sale nearby right now include 720-720A Queen Street E at $3,390,000, 1164 QUEEN Street W at $2,799,000 and 969 Queen Street E at $2,750,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 512 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 512 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.
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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.