$4,300,000
Available - For Sale
Listing ID: E11911391
701 Queen Street East , Toronto, M4M 1G6, Toronto
| 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: | $23527.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 701 Queen Street East , Toronto, M4M 1G6, Toronto |
| Postal Code: | M4M 1G6 |
| Province/State: | Toronto |
| Lot Size: | 30.00 x 146.32 (Feet) |
| Directions/Cross Streets: | Queen St E and Broadview Ave |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | F |
| Total Area: | 8106.00 |
| 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 |
| 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 |
| Washrooms: | 0 |
| # Trailer Parking Spots: | 0 |
| Soil Test: | No |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK REALTY LTD. |
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Dir:
647-472-6050
Bus:
905-709-7408
Fax:
905-709-7400
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Toronto |
| Municipality: | Toronto E01 |
| Neighbourhood: | South Riverdale |
| Lot Size: | 30.00 x 146.32(Feet) |
| Tax: | $23,527 |
| Fireplace: | N |
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