248 Queen St E - Storefront FOR SALE


Toronto, ON M5A 1S3- Moss Park/Regent Park
$5,900,000 CAD
855-519-0324
248 Queen St E, Toronto, ON for Sale
$5,900,000 CAD
Storefront - FOR SALE
1/20
null | Request Cap Rate

248 Queen St E
Toronto, ON M5A 1S3
Moss Park/Regent Park


OVERVIEW

Main Floor commercial space vacant ready for buyers business. Many uses with 3487 sq ft on the main floor with 2 washrooms. Former tenant was an Office for over a decade, former to that was a bar and grill for over 5 decades prior to that. 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.No Vacancy upstairs fully tenanted. 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. Contact tom.tsambourlianos@century21.ca or call 416-520-3601.

FOR SALE DETAILS

PRICE

$5,900,000 CAD

PRICE/SF

$1,692 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CR

APN/PARCEL ID

190409129001620

ASK ABOUT THIS PROPERTY

Tom TsambourlianosCentury 21 Heritage Group Ltd.More Info
855-519-0324

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Tom TsambourlianosCentury 21 Heritage Group Ltd.More Info
855-519-0324

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.