$2,500,000

For sale

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1945 Queen Street East, Toronto (The Beaches) - Retail for Sale

1945 Queen Street East, Toronto (The Beaches), Ontario, M4L1H7

3,994 ft²25 × 112 ft (2,800 sq ft) lot sizeListed 155 days ago

Overview

This retail property in Toronto is for sale offering roughly 3,994 sq ft of space.

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Description

Exceptional investment opportunity on prime Queen Street East in Toronto's highly sought-after Beaches neighbourhood. This well-maintained two-storey brick mixed-use building offers 25 feet of frontage and features a strong income-producing profile with a RE/MAX real estate office occupying the main floor and basement. The upper level contains two residential apartments, with one unit currently vacant, providing an opportunity to establish a new tenancy at current market rents and enhance future income potential. Ideally situated just minutes from Woodbine Beach Park in an affluent and vibrant community, the property benefits from strong pedestrian traffic and is surrounded by an outstanding mix of boutique retail, restaurants, cafés, and everyday amenities. A rare opportunity to acquire a quality mixed-use asset in one of Toronto's most desirable commercial corridors. (id:66096)

Property Details

MLS®: E13233626
Property Type: Retail
Zoning: CR
Interior Size: 3,994 ft²
Lot Size: 25 × 112 ft (2,800 sq ft)
Frontage: 25 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $39,112.91/yr
Listed: 155 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

155d

Toronto (The Beaches) listings, avg age

48d

Price / ft²

$626

List price

$2.50M

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

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Listed by RE/MAX ULTIMATE REALTY INC. · JULIE SEO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4L)

This home lists at $2,500,000, about 24.8× the local median household income of $101,000.

Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 384% 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)

$2,500,000· $626/ft²

For sale

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Financing

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