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511 Queen Street

Toronto C08, ON M5A 1V1

ActiveFor Sale
2 Beds
1 Baths
1,500 Sq Ft
Commercial
Virtual Tour Available

About This Property

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

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size1,500 sq ft
Bedrooms2
Bathrooms1
Postal CodeM5A 1V1
Last UpdatedAug 8, 2026 · 6:56 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® C12872760

Listed by RE/MAX HALLMARK REALTY LTD.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$799,000

asking price

MLS®C12872760
TypeCommercial
CityToronto C08
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,902

/month · $639,200 mortgage

Down Payment20% — $159,800
Interest Rate5.5%

Amortization

Total Interest

$531,287

Total Cost

$1,170,487

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

RE/MAX HALLMARK REALTY LTD.