701 Queen Street E, Toronto, ON M4M 1G6
South Riverdale, Toronto · Near Queen St E and Broadview Ave · View map
About this home
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.
The home
- Type
- Store w apt / office
- Square footage
- 8106 sq ft
- Lot size
- 30 x 146.3 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Partial
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $23,527/yr
- Tax year
- 2024
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Queen St E and Broadview Ave
- Neighbourhood
- South Riverdale
More
- MLS® number
- E11911391
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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.
701 Queen Street, Toronto, ON M4M 1G6
South Riverdale, Toronto · Near Queen St E and Broadview Ave
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Listing history for 701 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 701 Queen Street E
Answers come straight from this home’s MLS® listing.
How much is 701 Queen Street E listed for, and what would it cost each month?
701 Queen Street E is listed for $4,300,000. With 20% down ($860,000), the mortgage payment would be roughly $17,345 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $19,306 a month, all in. That figure is an illustration, not a quote.
Is 701 Queen Street E freehold or a condo, and is there a monthly fee?
701 Queen Street E is a store w apt / office in South Riverdale, 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 701 Queen Street E 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 701 Queen Street E?
701 Queen Street E is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 701 Queen Street E, and what is the lot size?
The lot is listed as 30 x 146.3 ft.
How is 701 Queen Street E heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 701 Queen Street E?
Property taxes are $23,527 a year (2024), or about $1,961 a month.
Where is 701 Queen Street E?
701 Queen Street E is in the South Riverdale community of Toronto. The nearest main intersection is Queen St E and Broadview Ave. The postal code is M4M 1G6.
Is 701 Queen Street E still for sale?
Yes. It is an active listing (MLS® E11911391). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 701 Queen Street E asking?
Similar properties for sale nearby right now include 499 Queen Street W at $4,300,000, 502 Queen Street W at $4,500,000 and 2479 Queen Street E at $4,688,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 701 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 701 Queen Street E?
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.