701 Queen Street E
701 Queen Street E
$4,300,000
$530/sq ft· Bldg avg $896/sq ft · 551 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $18,735 |
| Property Tax (MLS) | $1,961 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $20,695 |
Down payment: $860,000 (20.0%) · Mortgage: $3,440,000
Property tax uses MLS annual tax of $23,527/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
The Ninety Condos
Red Bricks Databy Harhay Developments · 90 Broadview Avenue
Maint. Fees
0.00
Occupancy
2012
Listing provided by RE/MAX HALLMARK REALTY LTD.
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Data last updated: August 23, 2026 at 10:26 a.m.