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Last Updated : 1 Day ago
507 Queen Street W, Toronto, ON, Waterfront Communities C1
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507 Queen Street W, Toronto MLS Number: C14001256

Waterfront Communities C1, Toronto, ON, M5V 2B4

$2,950,000

Status: For Sale

  • Property Type: Commercial (Commercial Retail)
  • Property Taxes : $22228.29 (Tax Year:2026)
  • Listing Courtesy : Cushman & Wakefield

507 Queen Street W Property 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.

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507 Queen Street W Property Facts

Property Type :Commercial
MLS Number :C14001256
Listing Type :Sale
Possession Date :
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Last Updated :03 Nov, 2026 (1 Day ago)
Source :Toronto Regional Real Estate Board
Area :Toronto
Postal Code : M5V 2B4
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507 Queen Street W Property Price & Tax Insights

Price : $2,950,000
Property Taxes :$22228.29
Tax Year :2026

507 Queen Street W, Toronto Property Details

Air Conditioning :Yes
Heating :Gas Forced Air Closed
Cross Street :Queen Street West / Augusta Avenue

507 Queen Street W, Toronto - Price History

2026-10

13 Oct, 2026

TREB #C14001256

Listed

$2950000.0

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  • 800k
  • 1.2M
  • 1.6M
  • 2M+
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  • 12
  • 18
  • 24
  • 30+
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  • 6
  • 12
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  • 30+

507 Queen Street W - Location Map and Landmarks

  • Osgoode Subway, Toronto 1.0 km
  • St Andrew Subway, Toronto 1.12 km
  • St Patrick Subway, Toronto 1.14 km
  • Queen'S Park Subway, Toronto 1.47 km
  • Union Train Station, Toronto 1.51 km
  • Union Station Subway, Toronto 1.52 km
  • Union Go Station, Toronto 1.55 km
  • Queen Subway, Toronto 1.64 km
  • King Subway, Toronto 1.68 km
  • Dundas Subway, Toronto 1.74 km
  • Oasis Alternative Secondary School, Toronto 0.26 km
  • Alpha Alternative Junior School, Toronto 0.26 km
  • Ogden Junior Public School, Toronto 0.36 km
  • Ryerson Community School, Toronto 0.48 km
  • St Mary Catholic Elementary School, Toronto 0.54 km
  • Ocad University - Abovegrd Art Supplies, Toronto 0.79 km
  • Ocad University - Inclusive Design Institute, Toronto 0.8 km
  • Ocad University - Student Centre, Toronto 0.81 km
  • Ocad University - Main Building, Toronto 0.82 km
  • Heydon Park Secondary School, Toronto 0.84 km
  • University Health Network - Toronto Western, Toronto 0.8 km
  • Toronto Western Hospital, Toronto 0.81 km
  • Krembil Research Institute, Toronto 0.87 km
  • University Health Network - Toronto Rehabilitation Institute, Toronto 1.17 km
  • Sinai Health System - Mount Sinai, Toronto 1.24 km
  • Mount Sinai Hospital, Toronto 1.25 km
  • Princess Margaret Hosp, Toronto 1.3 km
  • University Health Network - Princess Margaret Cancer Centre, Toronto 1.31 km
  • The Leroy And Elizabeth Macmillan Plastic Surgery Clinic, Toronto 1.33 km
  • Mount Sinai Hospital Special Pregnancy Program, Toronto 1.35 km
  • Shoppes On Queen West, Toronto 0.25 km
  • Chinatown Centre, Toronto 0.33 km
  • China City Supermarket, Toronto 0.42 km
  • Riocan, Toronto 0.43 km
  • Kai Wei Supermarket, Toronto 0.46 km
  • Ho Long Supermarket, Toronto 0.47 km
  • Dragon City Mall, Toronto 0.48 km
  • Kabul Farms, Toronto 0.56 km
  • Lusitania Grocery Ltd, Toronto 0.58 km
  • Oriental Harvest, Toronto 0.6 km
  • Augusta Avenue and Queen Street West, Toronto 0.08 km
  • Augusta Avenue and Richmond Street West, Toronto 0.1 km
  • Queen Street West and Spadina Avenue, Toronto 0.21 km
  • Richmond Street West and Spadina Avenue, Toronto 0.22 km
  • Queen Street West and Portland Street, Toronto 0.22 km
  • Portland Street and Richmond Street West, Toronto 0.23 km
  • Adelaide Street West and Spadina Avenue, Toronto 0.28 km
  • Portland Street and Adelaide Street West, Toronto 0.3 km
  • King Street West and Spadina Avenue, Toronto 0.41 km
  • King Street West and Portland Street, Toronto 0.42 km
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FAQs: 507 Queen Street W, Toronto

  • Q: Does this Project 507 Queen Street W available for Sale ?

    A: The project 507 Queen Street W is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 507 Queen Street W is Offering?

    A:Square Yards is giving a Cashback of $14,750 if you buy this property from us, however there are several key features offered by the 507 Queen Street W. You get + Beds with Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 507 Queen Street W, Toronto?

    A: 507 Queen Street W, Toronto comes with + Beds for maximum convenience and space. There are baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Toronto, On?

    A:Toronto, ON is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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