About this property

518 Queen St West is a prime commercial property in Toronto's high-traffic West Queen West (WQW) neighbourhood-one of the city's most sought-after locations. This exceptional building boasts a 20+ foot frontage on a deep 143-foot lot, across from Loblaws, BMO and more making it a standout opportunity for investors and business owners alike.The renovated main-floor retail space offers 1,614 sq. ft. of premium commercial space, perfect for retail, showroom, or hospitality use, benefiting from constant foot traffic and excellent visibility. The property also features lane way access at the rear, providing convenience for deliveries and potential for future development in this prime downtown corridor.The second and third floors present incredible flexibility, currently configured as modern residential apartments with two kitchens, two three-piece bathrooms, and hardwood floors throughout. Laundry is located on the third floor, adding convenience for tenants. Keep as-is for excellent rental income or convert into two separate suites for added value.Situated in an unbeatable downtown location, this property is steps from Trinity Bellwoods, the Fashion District, and Kensington Market, with seamless access to the 24-hour Queen Streetcar, ensuring easy connectivity across the city. With strong investment potential and future redevelopment possibilities this is a rare opportunity in one of Toronto's most dynamic neighbourhoods.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	C12551728
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	0 sq ft
Lot Size	2,829 sq ft
Beds / Baths	0 bed · 0 bath
City	Downtown Toronto / Waterfront
Postal Code	M5V 2B3
Province	ON
Listed Date	January 28, 2026
Days on Market	190
Brokerage	REALOSOPHY REALTY INC.