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244-246 Queen St E 7,905 SF 100% Leased Retail Building Toronto, ON M5A 1S3 $5,900,000 CAD ($746.36 CAD/SF)


EXECUTIVE SUMMARY
Exceptional investment and redevelopment opportunity in the heart of downtown Toronto. Located at 250 Queen Street East, this high-visibility mixed-use property offers premium land positioning directly across from active high-rise development and within easy distance to the Eaton Centre, Queen Station, Financial District, TMU, George Brown, hospitals, and major employment hubs. The main level features a spacious vacant 3,487 sq ft commercial space suitable for retail, service, hospitality, wellness, office, or creative commercial uses. Strong foot and vehicle traffic provide excellent visibility and branding potential. Above the commercial space is a licensed 20-room apartment complex totaling approx. 4,418 sq ft, offering immediate rental income and flexible future options. Ideal for investors seeking both cash flow and long-term upside. Total above-ground area: 7,905 sq ft. Located in the rapidly transforming Moss Park corridor, surrounded by new and proposed condominium towers, modern retail, transit routes, and ongoing revitalization. This is one of Toronto's most active areas for urban intensification and mixed-use development. Perfect for developers, land bankers, end-users, or value-add investors looking for a downtown asset with future potential. Prime Queen Street East exposure, unmatched walkability, and strong long-term appreciation fundamentals make this a rare opportunity in Toronto's core.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,905 SF
Building Class
C
Year Built
1925
Price
$5,900,000 CAD
Price Per SF
$746.36 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
4.54
Lot Size
0.04 AC
Zoning
CR2 - Retail with office(s) - less than 10,000 s.f., GBA with offices above
Frontage
54’ on Queen St
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (99)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
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244-246 Queen St E
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