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For saleMLS® C11885935

512 Queen Street W, Toronto, ON M5V 2B3

Kensington-Chinatown · C01 · M5V 2B3

$3,150,000

$541 / sq ft

23 months on market

Bathrooms
4
Total area
5,819 sf
Lot
15.75 × 141.14 ft
Age
100+ years

What's special

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About this property

*** 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.

Property details

Property

Property type
retail
Bathrooms
4
Interior size
5,819 sq ft
Year built
100+
Lot size
15.75 × 141.14 ft
Zoning
CR3
Possession
Negotiable

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Sewer
Septic Available

Costs

List price
$3,150,000
Property taxes
$42,284 / year (2024)
Price per sq ft
$541

Listing

MLS® number
C11885935
Status
For sale
Listed
December 8, 2024
Days on market
696
Last updated
July 30, 2026
Listing brokerage
EASY LIST REALTY LTD.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 75% of comparable retail listings in Kensington-Chinatown are asking less.

$192KMedian $1.84M$4.45M
This home
$541 / sq ft
Comparable median
$702 / sq ft

Based on 32 comparable active retail listings in Kensington-Chinatown. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $630,000
$630,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$13,933.51
Property tax (est.)
$3,523.71
Estimated monthly
$17,457

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$65,225
Toronto municipal
$66,725
Total due on closing
$131,950

An estimate on the asking price of $3,150,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of EASY LIST REALTY LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$3,150,000

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