Toronto, ON · M4M 1G6 · MLS® E11911391Updated
$4,300,000
701 Queen St E is a commercial in Toronto, listed for $4,300,000.
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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.
Toronto commercial priced at $4,300,000 — book a tour to see if it fits your search.
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Lot & land
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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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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198 1/2 Carlton Street
4 bd · 2 ba · Store w apt/office
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819 Dundas Street
1 bd · 1 ba · Store w apt/office
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782 Dovercourt Road
2 bd · 3 ba · Store w apt/office
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184 Carlton Street
3 bd · 1 ba · Store w apt/office
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1926 Gerrard Street
1 bd · 2 ba · Store w apt/office
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2364 Kingston Road
2 bd · 1 ba · Store w apt/office
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home701 Queen Street E 0 bd · 0 ba | $4,300,000asking | — | — | — |
| 198 1/2 Carlton Street 4 bd · 2 ba · 2,000 sqft | ||||
| 819 Dundas Street 1 bd · 1 ba · 1,500 sqft | ||||
| 782 Dovercourt Road 2 bd · 3 ba · 1,500 sqft | ||||
| 184 Carlton Street 3 bd · 1 ba · 2,000 sqft | ||||
| 1926 Gerrard Street 1 bd · 2 ba · 1,100 sqft | ||||
| 2364 Kingston Road 2 bd · 1 ba · 1,500 sqft |
4 bd · 2 ba · 2,000 sqft
1 bd · 1 ba · 1,500 sqft
2 bd · 3 ba · 1,500 sqft
3 bd · 1 ba · 2,000 sqft
1 bd · 2 ba · 1,100 sqft
2 bd · 1 ba · 1,500 sqft
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Listing brokerage: RE/MAX HALLMARK REALTY LTD., BrokerageMLS® E11911391 · 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.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other 2–5 bed homes for sale in Toronto around $4.3M.
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Based on 9,205 sales from Aug 12 – Nov 10, 2026 (7,279 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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701 Queen St E is listed at $4,300,000 (MLS® E11911391). Summitly updates the price as soon as the MLS® record changes.
Yes — it was first listed at $5,950,000 and is now $4,300,000, a drop of $1,650,000 (27.7%).
The listing for 701 Queen St E doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
The nearest rapid-transit station is Broadview Station (Line 2), about 2.2 km in a straight line. Chester Station is about 2.2 km, and Castle Frank Station is about 2.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $4,300,000 is about 412% above the median sold price in Toronto over the last 90 days, $840,000, across 9,205 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 701 Queen St E on record from the last two years. Older records aren't shown under TRREB rules.
701 Queen St E is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
673 days — 701 Queen St E was listed on January 6, 2025.
About $215,800 at the asking price of $4,300,000: $93,975 Ontario land transfer tax plus $121,825 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 701 Queen St E 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 701 Queen St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
