507 Queen St, Toronto, Ontario, M5V 2B4

Description

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.