<-- style PDP --> 518 Queen Street, Toronto - Commercial/Retail for sale for $3,450,000
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518 Queen Street

Toronto, Ontario, M5V 2B3 - Kensington-Chinatown

$3,450,000

  • Neighbourhood

    Kensington-Chinatown

  • Major Intersection

    Bathurst St and Queen St W

  • Listed Since: 1 day(s)

  • Last update: 1 day(s) ago

Overview

  • Property Type

    Commercial/Retail, Retail

  • Bedrooms

    n/a

  • Bathrooms

    n/a

  • Basement

    Y

  • Kitchen

    n/a

  • Total Parking

    n/a

  • Lot Size

    20.5x143.08 (Feet)

  • Taxes

    $36,519.00 (2024)

  • Type

    Commercial

Property Description

Property description for 518 Queen Street, Toronto

518 Queen St West is a prime commercial property in Toronto's high-traffic West Queen West (WQW) neighbourhood-one of the city's most sought-after locations. This exceptional building boasts a 20+ foot frontage on a deep 143-foot lot, across from Loblaws, BMO and more making it a standout opportunity for investors and business owners alike.The renovated main-floor retail space offers 1,614 sq. ft. of premium commercial space, perfect for retail, showroom, or hospitality use, benefiting from constant foot traffic and excellent visibility. The property also features lane way access at the rear, providing convenience for deliveries and potential for future development in this prime downtown corridor.The second and third floors present incredible flexibility, currently configured as modern residential apartments with two kitchens, two three-piece bathrooms, and hardwood floors throughout. Laundry is located on the third floor, adding convenience for tenants. Keep as-is for excellent rental income or convert into two separate suites for added value.Situated in an unbeatable downtown location, this property is steps from Trinity Bellwoods, the Fashion District, and Kensington Market, with seamless access to the 24-hour Queen Streetcar, ensuring easy connectivity across the city. With strong investment potential and future redevelopment possibilities this is a rare opportunity in one of Toronto's most dynamic neighbourhoods.

Listed by REALOSOPHY REALTY INC.

  • MLS #

    C12551728

  • Sq. Ft

    3714

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    100+

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    n/a

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    n/a

  • Fireplace

    n/a

  • Roof

    n/a

  • Foundation

    n/a

  • Elevator

    None

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Gas Forced Air Closd

  • A/C

    Y

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    San+Storm Avail

  • Central Vac

    n/a

  • MLS #

    C12551728

  • Sq. Ft

    3714

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    100+

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    n/a

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    n/a

  • Fireplace

    n/a

  • Roof

    n/a

  • Foundation

    n/a

  • Elevator

    None

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Gas Forced Air Closd

  • A/C

    Y

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    San+Storm Avail

  • Central Vac

    n/a

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 518 Queen Street, Toronto

This property has been sold 15 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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