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$ 4,995,000
Est. payment | /mo
$ 4,995,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Municipality Toronto C08
Subdivision Regent Park
MLS Listing ID C13030324
Annual Tax Amount $38,401
Tax Year 2025
Property Sub-Type Commercial Retail
Property 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.
Location
Province ON
County Toronto
Community Toronto C08
Area Toronto
Zoning CR2.5(c2;r2)*2297)
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 49.0
Lot Depth 100.0
Others
Security Features Yes
ParcelsYN No
Listed by CUSHMAN & WAKEFIELD
Nearby Locations
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