Toronto, ON · M5V 2B4 · MLS® C14001256Updated
$2,950,000
507 Queen St W is a retail in Toronto, listed for $2,950,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Restaurant income plus residential upside on queen street west, offered by court-appointed receiver. 507 Queen Street West is a three-storey mixed-use building between Spadina and Bathurst, on one of Toronto's signature independent retail streets. 3,550 SF above grade across three units. At grade: a 1,350 SF fully fixtured, licensed restaurant, currently leased and providing in-place commercial income. Above: a vacant 1,350 SF residential unit spanning the 2nd and 3rd floors. At the rear: a vacant 850 SF laneway residential unit. Both residential units are vacant. A contributing building within the Queen Street West Heritage Conservation District, part of the character streetscape that draws visitors and tenants to this stretch of Queen. Served by the 501 Queen streetcar, with the future Ontario Line Queen-Spadina station planned nearby, supporting long-term foot traffic and tenant demand. Well suited to private investors seeking commercial income in place with the ability to set residential rents at market. Sold as is, where is. Sale subject to Court approval. Showings by appointment only. Please do not disturb the restaurant tenant or the business.
Toronto retail priced at $2,950,000 — book a tour to see if it fits your search.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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Closed sales on the TRREB MLS®.
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Listing brokerage: CUSHMAN & WAKEFIELD, BrokerageMLS® C14001256 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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Based on 9,688 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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507 Queen St W is listed at $2,950,000 (MLS® C14001256). Summitly updates the price as soon as the MLS® record changes.
No — 507 Queen St W is still listed at its original asking price of $2,950,000.
The listing for 507 Queen St W doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
The nearest rapid-transit station is Osgoode Station (Line 1), about 1.0 km (about a 13-minute walk) in a straight line. St. Andrew Station is about 1.1 km (about a 14-minute walk), and St. Patrick Station is about 1.1 km (about a 14-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $2,950,000 is about 248% above the median sold price in Toronto over the last 90 days, $848,250, across 9,688 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 507 Queen St W on record from the last two years. Older records aren't shown under TRREB rules.
507 Queen St W is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
507 Queen St W was listed today (October 13, 2026).
About $120,450 at the asking price of $2,950,000: $60,225 Ontario land transfer tax plus $60,225 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
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The listing for 507 Queen St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
The listing for 507 Queen St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
