518 Queen St W
Toronto, M5V2B3
For Sale
$3,500,000
➧
➧
Retail
CATEGORY3,714 Sq Ft
TOTAL AREAC12004724
MLSIDContact Us
Property Description
518 Queen St West is a prime commercial property in Torontos high-traffic West Queen West (WQW) neighbourhoodone 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 1,523 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 Torontos most dynamic neighbourhoods.
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Property Details
Category
Retail
Zoning
CR3(c2;r2*1385)
Total Area
3,714 Sq Ft
Retail Area
1,614 Sq Ft
Lot Size
20' x 143'
Taxes
$36,520 (2024)
Air Conditioning
Yes
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Listing contracted with Realosophy Realty Inc.
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