Home · Buy · Toronto C01 · 512 Queen Street W, Toronto, ON M5V 2B3
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For Sale · Commercial Retail
512 Queen Street W, Toronto, ON M5V 2B3
Toronto C01 · Kensington-Chinatown
0
Beds
4
Baths
0
Parking
5819 sq ft
Sq ft
100+ yrs
Built
The honest picture
List price
$3,150,000
Renavu Estimate
—
Benchmark · All homes
$621,300
Listed 407% above the Kensington-Chinatown benchmark for all homes homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
*** Visit the REALTOR website for further information about this Listing *** This 3 storey Victorian property is located on the preferred north side and at the heart of trendy Queen St West. It sits between Spadina Ave and Bathurst St at the top of Portland St., and is across the street from Loblaws and Joe Fresh. The building has 15.75ft of prime frontage with high ceilings. A successful restaurant/bar business has operated here for at least 6 decades and the building features 2 floors with 3 licensed rooms and 2 licensed patios. Public washrooms are in the basement. The 3rd floor has 3 offices and a washroom. The total usable size of the property is 5,819 sq./ft. including the patios and basement. This property will be highly attractive to investors due to its stable and reliable potential income, attractive location, and huge foot traffic in the area. The area is well served by TTC streetcar lines on both Queen and Bathurst streets and the upcoming Ontario Subway Line with a stop at Queen and Spadina. The property was renovated in the early 1980's and the front facade was restored in 2008 in accordance with requirements of the Toronto Historical Board. The building has a liquor licence for 133 people.
Property details
Listed on
December 8, 2024
Days on market
593 days
Property tax
$42,284.47 (2024)
Lot
15.75 × 141.14 Feet
Heating
Gas Forced Air Open
Cooling
Yes
MLS®
C11885935
Full details
Parking
GarageNone
Property & sold history
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See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$65,225
Toronto municipal LTT$66,725
Legal · title · inspection$2,800
Closing costs$134,750
Down payment$630,000
Total cash to close$764,750
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.