$2,588,000

For sale

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1985 Queen Street East, Toronto (The Beaches) - Retail for Sale

1985 Queen Street East, Toronto (The Beaches), Ontario, M4L1J1

3 baths3,600 ft²25 × 125 ft (3,125 sq ft) lot sizeListed 92 days ago

Overview

This retail property in Toronto is for sale offering roughly 3,600 sq ft of space.

Retail Space for Sale in Toronto →All real estate in Toronto →

Description

***WOW***Incredible opportunity on one of the most talked about and lively neighbourhoods of Toronto. This high-visibility, freehold mixed-use asset on Queen Street East features an established ground-floor commercial tenant and two 2-bedroom turnkey residential units, offering immediate income with high-yield potential. Located in Prime Beach, the property provides a unique combination of premium, updated residential suites and direct access to Kew Gardens, suitable for investors seeking strong cap rates or an owner-user live-work opportunity.The two upper-level two-bedroom apartments feature modern finishes, stone countertops, bright skylights, and in-suite laundry, ensuring a competitive advantage in Toronto's high-demand rental market. Combined with a perfect walk score, heavy pedestrian traffic, and immediate transit access, this property offers a rare combination of immediate commercial cash flow, residential upside, and premium real estate positioning. (id:66096)

Property Details

MLS®: E13636296
Property Type: Retail
Zoning: COMMERCIAL MIXED USE (INCL. RESIDENTIAL)
Bathrooms: 3
Interior Size: 3,600 ft²
Lot Size: 25 × 125 ft (3,125 sq ft)
Frontage: 25 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $29,383.01/yr
Listed: 92 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

92d

Toronto (The Beaches) listings, avg age

48d

Price / ft²

$719

List price

$2.59M

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 KELLER WILLIAMS REFERRED URBAN REALTY · BELLA LEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4L)

This home lists at $2,588,000, about 25.6× the local median household income of $101,000.

Carrying it typically needs a household income of about $505,527 (20% down, 25-yr amortization, stress-tested) — roughly 401% 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)

$2,588,000· $719/ft²

For sale

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Financing

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