For Sale: $3,500,000

3,714 sq ft
Property Tax: $36,519.60/year

518 Queen St West is a prime commercial property in Toronto’s high-traffic West Queen West 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 1,523 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 laneway 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.
 

Map & Nearby Places

518 Queen St
Toronto, ON M5V 2B3

Fashion District, Toronto

  • Neighbours include fashion retailers, cafes, restaurants, services and mor
  • Major retailers across the street include Loblaws, Starbucks, BMO, Joe Fresh, Winners, Shoppers Drug Mart, CB2 Furniture
  • 24-hour TTC streetcar on Queen St 
  • Quick access to Gardiner Expressway highway
  • Short walk to trendy bars and restaurants on King St West & Wellington St
  • Short drive to Scotiabank Arena, Rogers Center, CN Tower
  • Short walk to Ossington St. a destination for shopping and dining options
  • Surrounded by condos, hotels and AirBnBs
  • One of Toronto’s busiest tourist destinations
  • Short walk to the Waterworks Food Hall 

John Pasalis

President and Broker of Record - Realosophy Realty
Photo of John Pasalis

Gus Papaioannou

Listing Agent - Realosophy Realty
Photo of Gus Papaioannou

Request Info

THANKS!

Your message was sent.
We'll be in touch soon.