Exceptional residential & commercial investment opportunity in the heart of Toronto's vibrant and highly sought-after Corktown community. This rare offering features approximately 1,500 sq. ft. of prime downtown real estate in one of the city's most rapidly evolving neighbourhoods. Currently configured as two self-contained 1-bedroom, 1-bathroom units, the property offers strong income potential with the opportunity to renovate, reposition, or completely transform to maximize value. This property presents an outstanding canvas for investors, end-users, or developers looking to unlock its full potential. Unbeatable location with direct access to Queen St E and TTC at your doorstep, seamless connectivity to the DVP and Gardiner Expressway, and just a short walk to the upcoming Ontario Line subway. Previously commercial and now residentially zoned, the property offers flexibility with potential to convert back to commercial use (buyer to verify). A rare opportunity to secure a value-add property in one of Toronto's most dynamic and established neighbourhoods
Address
511 Queen Street E
List Price
$799,000
MLS® Status
New
Expiration Date
2026-12-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Moss Park
Region
Toronto
Bedrooms (Total)
2
Bathrooms
1
Lot Depth
84.5
Lot Type
Lot
Lot Size Units
Feet
Lot Width
13.08
Total Building Area
1500
Occupant Type
Partial
Cross Street
Queen St E /River St
MLS® Number
C12872760
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Postal Code
M5A 1V1
Posession Details
TBA
Tax Amount
$6,093.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
No
Garage Type
None
Kitchens Total
2
Tax Legal Description
PT LT 18 S/S QUEEN ST PL 108 TORONTO
Security Features
No