1985 Queen Street E Toronto, Ontario M4L 1J1
$2,588,000
***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:63476)
Property Details
| MLS® Number | E13636296 |
| Property Type | Retail |
| Community Name | The Beaches |
| Amenities Near By | Public Transit, Recreation |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 3,600 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation |
| Size Depth | 125 Ft |
| Size Frontage | 25 Ft |
| Size Irregular | 25 X 125 Ft |
| Size Total Text | 25 X 125 Ft |
| Zoning Description | Commercial Mixed Use (incl. Residential) |
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August 18 2026 06:56:05
Toronto Regional Real Estate Board
Keller Williams Referred Urban Realty