701 Queen Street East, Toronto | Image 1

701 Queen Street East

Toronto, South Riverdale

  • Commercial

$5,950,000
For Sale

Added 1 month ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: CR2.5 (C2;R2*229

  • Age: No Data

  • Taxes: 23527

  • MLS®#: E11911391

  • Days on Site: 33 Days

  • Added: Jan 06, 2025 (1 month ago)

  • Updated:

  • Last Checked: 5 hours ago

  • Listed By: RE/MAX HALLMARK REALTY LTD.

Prime mixed-use commercial property located on vibrant Queen St E in South Riverdale, offering anexceptional investment opportunity. This 8,000+ sq. ft.-above-ground building features a successful pub occupying the retail space on the main floor, complete with an additional 593 sq ft basement space for storage or operations.The second floor houses four residential units: 3 studio/bachelor apartments and 1 one-bedroom unit, providing steady rental income. The property is ideally situated in a high-traffic area, close to public transportation, bike lanes, and local amenities, ensuring consistent foot traffic and tenant demand. South Riverdale is a thriving neighbourhood known for its eclectic mix of shops, restaurants, and services, attracting both locals and visitors. This property offers significant income potential with its strong commercial tenant and desirable residential units. Whether you're an investor or owner-operator, this property combines location, versatility, and steady cash flow. **EXTRAS** All residential units and the retail space are leased.

Extras

All residential units and the retail space are leased.

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Net Income: 181251

  • Area: Toronto

  • Community: South Riverdale

  • Availability Date: TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes: $23,527

  • Expenses: Est

  • Insurance Fee: 14200

  • Operating Fees: 47142

  • Hydro Expense: 1000

  • Taxes Type: Annual

  • Taxes: 23527

  • Tax Year: 2024

  • Water Fees: 6600

Land

  • Cross Street: Queen St E and Broad

  • Municipality District: Toronto E01

  • Lot Depth: 146.32 Feet

  • Lot Frontage: 30 Feet

  • Zoning: CR2.5 (C2;R2*229

Commercial Specific

  • Retail Area: 4104

  • Retail Area Metric: Sq Ft

  • Sprinklers: Part

  • Total Area: 8106

  • Total Area Metric: Sq Ft

  • Office Size: 4006

  • Office Size Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Survey: N

  • Soil Test: N

  • Financial Statement: N

  • Gross Income/Sales: 229393

Map of 701 Queen Street East, Toronto
JK-8

First Nations School of Toronto Junior Senior

Elementary: Public
0.41 km
JK-8

St Paul Catholic School

Elementary: Catholic
0.95 km
6-8

Queen Alexandra Middle School

Elementary: Public
0.33 km
JK-5

Dundas Junior Public School

Elementary: Public
0.41 km
JK-8

Nelson Mandela Park Public School

Elementary: Public
0.85 km
JK-6

Morse Street Junior Public School

Elementary: Public
0.83 km
9-12

Msgr Fraser College (St. Martin Campus)

Secondary: Catholic
1.52 km
9-12

Inglenook Community School

Secondary: Public
0.90 km
9-12

SEED Alternative

Secondary: Public
0.39 km
9-12

Eastdale Collegiate Institute

Secondary: Public
0.83 km
9-12

CALC Secondary School

Secondary: Public
2.04 km
9-12

Riverdale Collegiate Institute

Secondary: Public
1.77 km
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