500 Queen St E, Toronto, M5A 1T7

Listing Overview

Description

Corner mixed-use investment opportunity located at 500 Queen Street East - known as the Dominion Hotel - an architecturally significant late-Victorian landmark constructed in 1889.The property is situated along Queen Street East within Toronto's downtown east, approximately ~750m from the future Ontario Line Corktown station, a 3-minute drive to the Don Valley Parkway, and roughly 2.5 KM from the East Harbour master-planned development, one of the largest future transit-oriented employment and mixed-use hubs in Canada. The building comprises a mixed-use configuration with a fully leased ground floor secured by along-term net lease to a restaurant tenant, providing stable in-place income. The upper floors are currently configured as a 24-unit rooming house. The property offers repositioning potential subject to municipal approvals. The Dominion Hotel is a historically recognized structure having undergone restoration to preserve its heritage architecture, which was designed by architect David Roberts Jr., also responsible for the iconic Gooderham (Flatiron) Building. The property sits within an area experiencing ongoing intensification, transit expansion, and redevelopment activity.

2 days

On Market

Commercial/Retail

Property Type

$38,401 / Year

Est. Taxes

Retail

Style

Hospitality/Food Related

Business Type

-

Franchise