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$4,300,000
Available - For Sale
Listing ID: E11911391
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.
Price $4,300,000
Taxes: $23,527
Tax Type: Annual
Occupancy by: Tenant
Address: 701 Queen Street East , Toronto, M4M 1G6, Toronto
Postal Code: M4M 1G6
Province/State: Toronto
Lot Size: 30 x 146.32 (Feet)
Directions/Cross Streets: Queen St E and Broadview Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Category: Store With Apt/Office
Building Percentage: F
Total Area: 8,106
Total Area Code:  Square Feet
Office/Appartment Area: 4006
Office/Appartment Area Code: Sq Ft
Retail Area: 4104
Retail Area Code: Sq Ft
Financial Statement: F
Chattels: T
Franchise: F
Taxes Expense: $23527
Insurance Expense: $14200
Maintenance: 0
 Hydro Expense:  $1000
Water Expense: $6600
Gross Income/Sales: $229393
Operating Expenses: $47142
Net Income Before Debt: $185495
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Sprinklers: Part
# Trailer Parking Spots: 0
Soil Test: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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RE/MAX HALLMARK REALTY LTD.

701 Queen Street East , Toronto, M4M 1G6, Toronto

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Store W Apt/Office
Area: Toronto
Municipality: Toronto E01
Neighbourhood: South Riverdale
Style:
Lot Size: 30.00 x 146.32(Feet)
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Tax: $23,527
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949