500 Queen Street
Toronto, M5A 1T7
FOR SALE
$4,995,000
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Investment
CATEGORY 4,577 Sq Ft
OFFICE/APT AREA C13030350
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Property Description
Corner mixed-use investment opportunity located at 500 Queen Street East - known as the Dominion Hotel - an architecturally significant late-Victorian landmark constructed in 1889.The property is situated along Queen Street East within Toronto's downtown east, approximately ~750m from the future Ontario Line Corktown station, a 3-minute drive to the Don Valley Parkway, and roughly 2.5 KM from the East Harbour master-planned development, one of the largest future transit-oriented employment and mixed-use hubs in Canada. The building comprises a mixed-use configuration with a fully leased ground floor secured by along-term net lease to a restaurant tenant, providing stable in-place income. The upper floors are currently configured as a 24-unit rooming house. The property offers repositioning potential subject to municipal approvals. The Dominion Hotel is a historically recognized structure having undergone restoration to preserve its heritage architecture, which was designed by architect David Roberts Jr., also responsible for the iconic Gooderham (Flatiron) Building. The property sits within an area experiencing ongoing intensification, transit expansion, and redevelopment activity.
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Property Details
Address
500 Queen Street
Community
City
Postal Code
M5A 1T7
Property Type
Investment, Investment
Use
Apartment
Zoning
CR2.5(c2;r2)*2297)
Lot Size
49' x 100'
Office Area
4,577 Sq Ft
Retail Area
4,605 Sq Ft
Acreage
4,951.0 Feet
Taxes
$38,401 (2025
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Cushman & Wakefield
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