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1985 Queen Street E, Toronto, ON M4L 1J1

Toronto E02, ON

$2,588,000
MLS® #: E13636296
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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.

Quick Details

BedsN/A
Baths3
TypeCommercial
Sq Ft0
Taxes$29,383
BOOK A SHOWING

Comprehensive Property Details

Basement Y N Yes
Building Area Total 3600
Building Area Units Square Feet
City Region The Beaches
Contract Status Available
Country CA
County Or Parish Toronto
Cross Street Queen St. East & Woodbine Ave.
D D F Y N Yes
Directions Queen St E & Woodbine Ave
Expiration Date 2027-01-28
Freestanding Y N Yes
Garage Type None
Heat Type Gas Forced Air Closed
Internet Address Display Y N Yes
Internet Entire Listing Display Y N Yes
List A O R Toronto Regional Real Estate Board
List Office Name KELLER WILLIAMS REFERRED URBAN REALTY
List Price Unit For Sale
Lot Depth 125
Lot Size Source GeoWarehouse
Lot Size Units Feet
Lot Type Lot
Lot Width 25
Mls Status New
Occupant Type Owner
Office Apartment Area 1800
Office Apartment Area Unit Sq Ft
Parcel Number 213890186
Possession Details TBD
Possession Type Flexible
Postal Code M4L 1J1
Property Sub Type Store W Apt/Office
Property Use Store With Apt/Office
Retail Area 1800
Retail Area Code Sq Ft
Roll Number 190409101005500
Standard Status Active
State Or Province ON
Street Dir Suffix E
Street Name Queen
Street Number 1985
Street Suffix Street
Tax Legal Description PT LT U PL 90 CITY EAST AS IN CT966679; CITY OF TORONTO
Tax Type Annual
Tax Year 2026
Transaction Type For Sale
Vendor Property Info Statement No
Virtual Tour U R L Unbranded https://www.winsold.com/tour/470291
Washrooms Type1 3