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$5,950,000
Available - For Sale
Listing ID: E11911391
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 $5,950,000
Taxes: $23,527
Tax Type: Annual
Occupancy by: Tenant
Address: 701 Queen St East , Toronto, M4M 1G6, Ontario
Postal Code: M4M 1G6
Province/State: Ontario
Lot Size: 30 x 146.32 (Feet)
Directions/Cross Streets: Queen St E and Broadview Ave
Zoning: CR2.5 (C2;R2*229
Category: Store With Apt/Office
Building Percentage: N
Total Area: 8,106
Total Area Code:  Sq Ft
Office/Appartment Area: 4006
Office/Appartment Area Code: Sq Ft
Retail Area: 4104
Retail Area Code: Sq Ft
Financial Statement: N
Chattels: Y
Franchise: N
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
# Trailer Parking Spots: 0
Soil Test: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: None
Water: Municipal
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RE/MAX HALLMARK REALTY LTD.

701 Queen St East , Toronto, M4M 1G6, Ontario


 
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At a Glance:
Type: Com - Store W/Apt/Office
Area: Toronto
Municipality: Toronto
Neighbourhood: South Riverdale
Style:
Lot Size: 30.00 x 146.32(Feet)
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Tax: $23,527
Maintenance Fee: $0
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Your Company Name, Brokerage
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