ON > Toronto C01 > Kensington-Chinatown
Toronto C01, ON M5V 2B3,518 Queen ST W
Toronto C01, ON M5V 2B3,518 Queen ST W
Toronto C01, ON M5V 2B3,518 Queen ST W
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$3,450,000
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518 Queen ST W Toronto C01, ON M5V 2B3

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Jasmine Lee

Jasmine Lee

Get JLT - Powered by eXp Realty Brokerage

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Kensington-Chinatown

MLS Listing ID C12551728

Annual Tax Amount $36,519

Tax Year 2024

Property Sub-Type Commercial Retail

Property Description

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.

Location

Province ON

County Toronto

Community Kensington-Chinatown

Area Toronto

Interior

Cooling Yes

Exterior

Community Features Public Transit

Utilities Available Available

Lot Frontage 20.5

Lot Depth 143.08

Building

Building Age 100+

Others

Security Features No

ParcelsYN No

Virtual Tour https://www.518queenstwest.com/mls

Listed by REALOSOPHY REALTY INC.
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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518 Queen ST W

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