$1,789,000

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1398 Queen Street East, Toronto (Greenwood-Coxwell) - Retail for Sale

1398 Queen Street East, Toronto (Greenwood-Coxwell), Ontario, M4L1C9

4 baths1 parking3,469 ft²23 × 110 ft (2,521 sq ft) lot sizeListed 57 days ago

Overview

This retail property in Toronto is for sale offering roughly 3,469 sq ft of space.

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Description

Rare opportunity to acquire a charming Victorian mixed-use commercial/residential building on vibrant Queen Street East. Offering approximately 2,541 sq. ft. above grade, including 1,070 sq. ft. on the main level currently configured as a professional wellness clinic featuring a reception area, multiple treatment rooms, staff area and washrooms. Above, approximately 1,471 sq. ft. of residential space includes a spacious 2-bedroom apartment along with additional accommodation space currently utilized for short-term stays, offering flexibility for owner occupancy, guest accommodations, home office use or supplemental income. Detached one-car garage plus a separate studio space ideal as a meeting room, private office, creative workspace or consultation area. Rear lane access may offer future redevelopment opportunities, subject to buyer due diligence and municipal approvals. Basement storage and premium Queen Street East exposure. Ideally situated just east of the recently completed Ashbridge development, benefiting from increased residential density and foot traffic in the area. CR zoning permits a wide range of commercial and residential uses. Ideal for owner-operators, investors, healthcare professionals and professional service firms seeking a highly visible Queen Street East location with residential income potential and strong long-term upside. (id:66096)

Property Details

MLS®: E13751872
Property Type: Retail
Zoning: CR2.5(c1;r2*2224)
Bathrooms: 4
Parking: 1
Interior Size: 3,469 ft²
Lot Size: 23 × 110 ft (2,521 sq ft)
Frontage: 22 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $12,677.74/yr
Listed: 57 days ago

Features

Appliances: Washer, Dishwasher, Dryer, Window Coverings

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

57d

Toronto (Greenwood-Coxwell) listings, avg age

51d

Price / ft²

$516

List price

$1.79M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This retail in Toronto (Greenwood-Coxwell) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE ESTATE REALTY · ADRIENNE MARI KASSEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4L)

This home lists at $1,789,000, about 17.7× the local median household income of $101,000.

Carrying it typically needs a household income of about $349,454 (20% down, 25-yr amortization, stress-tested) — roughly 246% above the area median.

Median household income: $101,000
Population: 32,218
Median age: 40.8
Owner / renter: 61% / 39%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4L)

$1,789,000· $516/ft²

For sale

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