518 Queen St W 3,532 SF 100% Leased Retail Building Toronto, ON M5V 2B3 $3,500,000 CAD ($990.94 CAD/SF)



EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,532 SF
Building Class
C
Year Built
1875
Price
$3,500,000 CAD
Price Per SF
$990.94 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.21
Lot Size
0.07 AC
Zoning
CR 3.0
Parking
4 Spaces (1.13 Spaces per 1,000 SF Leased)
Frontage
20’ on Queen St
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Fun Guyz
- Accommodation and Food Services
- -
- -
- -
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
Fun Guyz | Accommodation and Food Services | - | - | - |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (100)
NEARBY MAJOR RETAILERS









