687 Queen Street, Toronto E01

Price: $10,000

2 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: E13153310

Character, luxury, and prime transit connectivity meet in this meticulously reimagined 3,250 SF multi-use architectural masterpiece. Originally a 1923 Royal Bank building, this unique property seamlessly blends historic charm with sophisticated modern upgrades-ideal for a premium live- work setup, professional practice (law/architecture), art gallery, private chef/catering, or luxury boutique retail. The distinguished layout features a dramatic double-height entryway, a formal front reception, multiple private outdoor patios, and a remarkable original bank vault converted into a wet bar. Exposed steel beams and soaring ceilings offer incredible structural flexibility to customize the layout, with a landlord open to collaborating on your creative vision. Complete with a highly coveted detached 2-stall heated parking garage, this high-profile Riverside location is just minutes from DVP, Gardiner, and transit. You must come see this one in person!

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$10,000/mo - 687 Queen Street, Leslieville

Detached for Rent in Leslieville

2Beds
4Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
E13153310
Property Type
Detached
Status
active
Days on Site
26
Bedrooms
2
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Riverdale / Leslieville
Listing Brokerage
ROYAL LEPAGE ESTATE REALTY
Description

Character, luxury, and prime transit connectivity meet in this meticulously reimagined 3,250 SF multi-use architectural masterpiece. Originally a 1923 Royal Bank building, this unique property seamlessly blends historic charm with sophisticated modern upgrades-ideal for a premium live- work setup, professional practice (law/architecture), art gallery, private chef/catering, or luxury boutique retail. The distinguished layout features a dramatic double-height entryway, a formal front reception, multiple private outdoor patios, and a remarkable original bank vault converted into a wet bar. Exposed steel beams and soaring ceilings offer incredible structural flexibility to customize the layout, with a landlord open to collaborating on your creative vision. Complete with a highly coveted detached 2-stall heated parking garage, this high-profile Riverside location is just minutes from DVP, Gardiner, and transit. You must come see this one in person!

Neighbourhood Guide: Riverdale / Leslieville

Discover Riverdale / Leslieville

Riverdale / Leslieville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Riverdale / Leslieville

  • Convenient location in Riverdale / Leslieville
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Riverdale / Leslieville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

687 Queen Street, Riverdale / Leslieville

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Rental Market Analysis

How this lease stacks up against the local rental market

Asking Rent
$10,000/mo
↑ Above typical 2-bed market rent
Annual Rent Cost
$120,000
12 × monthly rent

Estimated Monthly Budget

Asking Rent$10,000/mo
Utilities (est.)~$180/mo
Est. Total Monthly Cost~$10,180/mo

Things to Confirm Before Signing

· Are utilities included, or separate?

· How many parking spots are included?

· Is the landlord open to a 1-year or 2-year lease?

· Are pets and small renovations (paint, hooks) allowed?

· When was the last rent increase, if there is a prior tenant?

Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Above Market Rent

At $10,000/mo, this is asking above the typical 2-bedroom rent of ~$2,900/mo in Leslieville. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.

Market Position

At 26 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Leslieville are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Lease Terms to Negotiate

Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.

Let's Walk Through It Together

Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.

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