701 Queen Street E, Toronto, ON M4M 1G6
South Riverdale · E01 · M4M 1G6
$4,300,000
$530 / sq ft22 months on market
- Total area
- 8,106 sf
- Lot
- 30 × 146.32 ft
What's special
- Yes
About this property
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.
Property details
Property
- Property type
- retail
- Interior size
- 8,106 sq ft
- Lot size
- 30 × 146.32 ft
- Zoning
- CR2.5 (C2;R2*2294)
- Possession
- TBD
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Costs
- List price
- $4,300,000
- Property taxes
- $23,527 / year (2024)
- Price per sq ft
- $530
Listing
- MLS® number
- E11911391
- Status
- For sale
- Listed
- January 7, 2025
- Days on market
- 666
- Last updated
- July 8, 2026
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Price & sale history
This property's sale history is hidden
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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 94% of comparable retail listings in South Riverdale are asking less.
- This home
- $530 / sq ft
- Comparable median
- $664 / sq ft
Based on 17 comparable active retail listings in South Riverdale. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $19,020.35
- Property tax (est.)
- $1,960.58
- Estimated monthly
- $20,981
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
- $93,975
- Toronto municipal
- $109,975
- Total due on closing
- $203,950
An estimate on the asking price of $4,300,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX HALLMARK 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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