Commercial · For saleJun 9, 2026$2,950,000
Added 25 days ago
Property type
Commercial Retail
Lot
13.4 Feet
Taxes
$22,228 /yr
MLS®
C14001256
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Listed by
CUSHMAN & WAKEFIELD
Source
TRREB
Days on market
25
Added
Oct 13, 2026
Receivership Sale: RESTAURANT INCOME PLUS RESIDENTIAL UPSIDE ON QUEEN STREET WEST, OFFERED BY COURT-APPOINTED RECEIVER. 507 Queen Street West is a three-storey mixed-use building between Spadina and Bathurst, on one of Toronto's signature independent retail streets. 3,550 SF above grade across three units. At grade: a 1,350 SF fully fixtured, licensed restaurant, currently leased and providing in-place commercial income. Above: a vacant 1,350 SF residential unit spanning the 2nd and 3rd floors. At the rear: a vacant 850 SF laneway residential unit. Both residential units are vacant. A contributing building within the Queen Street West Heritage Conservation District, part of the character streetscape that draws visitors and tenants to this stretch of Queen. Served by the 501 Queen streetcar, with the future Ontario Line Queen-Spadina station planned nearby, supporting long-term foot traffic and tenant demand. Well suited to private investors seeking commercial income in place with the ability to set residential rents at market. Sold as is, where is. Sale subject to Court approval. Showings by appointment only. Please do not disturb the restaurant tenant or the business.
507 Queen Street, Toronto, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$13,104/mo
Principal + interest
$13,104
Total interest
$1,571,276
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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