$2,750,000

For sale

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894 Queen Street East, Toronto (South Riverdale) - Retail for Sale

894 Queen Street East, Toronto (South Riverdale), Ontario, M4M1J3

4,230 ft²Listed 120 days ago

Overview

This retail property in Toronto is for sale offering roughly 4,230 sq ft of space.

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

Description

GREAT INVESTMENT. Positioned in the heart of trendy, high-traffic Leslieville, this meticulously maintained mixed-use property represents a turnkey investment with a great Net Operating Income and future development intensification upside. The column-free, street-level commercial space features a prominent Queen Street East frontage with high pedestrian visibility, currently occupied by a well-established anchor restaurant with a secure, long-term lease. Above, two expansive, full-floor walk-up residential apartments boast bright layouts, high ceilings, and significant rental upside-ideal for premium market-rent leasing or a sophisticated owner-occupier suite. The building has been flawlessly upkept by the current owner with extensive, high-ticket capital improvements, including a complete roof replacement new skylights (May 2023), a new A/C (August 2023), and a new boiler installed (September 2024). Featuring a highly coveted rear lane access for convenient loading and parking, this property is entirely worry-free. Situated steps from Jimmie Simpson Park and the upcoming Ontario Line transit hub, this versatile asset combines immediate cash flow from premier local tenancy with long-term capital appreciation in Toronto's most sought-after east-end commercial corridor. A brochure with financial information about this Listing is available. (id:66096)

Property Details

MLS®: E13533226
Property Type: Retail
Zoning: CR 2.5(c1,r2*2224)
Interior Size: 4,230 ft²
Frontage: 21 ft
Building Area: 4,230 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $22,358.29/yr
Listed: 120 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

120d

Toronto (South Riverdale) listings, avg age

47d

Price / ft²

$650

List price

$2.75M

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 ROYAL LEPAGE TERREQUITY REALTY · STEVE RAZMOVSKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4M)

This home lists at $2,750,000, about 27.8× the local median household income of $99,000.

Carrying it typically needs a household income of about $537,171 (20% down, 25-yr amortization, stress-tested) — roughly 443% above the area median.

Median household income: $99,000
Population: 25,052
Median age: 38.8
Owner / renter: 56% / 44%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M4M)

$2,750,000· $650/ft²

For sale

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Financing

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