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
Residential Freehold
Type of Dwelling
Att/Row/Townhouse
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto C08
Sub-Area
Moss Park
Region
Toronto
Bedrooms
2
Bedrooms (Total)
2
Rooms Above Grade
6
Bathrooms
2
Floor Area
1100-1500 Sq. Ft.
Lot Depth
84.5
Lot Size Units
Feet
Lot Width
13.08
Occupant Type
Partial
Cross Street
Queen St E /River St
MLS® Number
C12872784
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Basement Area
Unfinished
Postal Code
M5A 1V1
Posession Details
60 days
Tax Amount
$6,093.00
Tax Year
2025
Interior Features
Water Heater Owned
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Wall Unit(s)
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Shingles
Tax Legal Description
PT LT 18 S/S QUEEN ST PL 108 TORONTO
Waterfront
No
Sewer
Sewer