$4,300,000
Available - For Sale
Listing ID: E11911391
701 Queen Street East , Toronto, M4M 1G6, Toronto
| 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. |
| 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 |
| 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: | $181251 |
| 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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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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