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Home ON Greater Toronto Area Toronto Old Toronto Alexandra Park Kensington-Chinatown
518 QUEEN STREET W
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518 QUEEN STREET W $3,450,000
$3,450,000
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518 QUEEN STREET W
Toronto (Kensington-Chinatown), Ontario M5V2B3

MLS® Number: C12551728

Listing 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. (41662406)

Location Description

Cross Streets: Bathurst St and Queen St W. ** Directions: .

Property Summary

Property Type
Retail
Community Name
Kensington-Chinatown
Land Size
Unit=20.5 x 143.08 FT
Age Of Building
100+ years
Annual Property Taxes
$36,519
Time on REALTOR.ca
28 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Public Transit

Measurements

Square Footage
3714 sqft

Land

Lot Features
Frontage
20 ft ,6 in
Land Depth
143 ft
Other Property Information
Zoning Description
CR3 (c2;r2*1385)
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JOHN PASALIS