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For saleMLS® E11911391

701 Queen Street E, Toronto, ON M4M 1G6

South Riverdale · E01 · M4M 1G6

$4,300,000

$530 / sq ft

22 months on market

Total area
8,106 sf
Lot
30 × 146.32 ft

What's special

  • Yes

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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.

$915KMedian $1.58M$3.01M
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

Down payment20.0% · minimum $860,000
$860,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
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.

$4,300,000

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Comparable sales nearby

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Nearby sold prices are hidden

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