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$ 1,650,000
Est. payment /mo
Active
1508 Queen ST W Toronto, ON M6R 1A4
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Roncesvalles
MLS Listing ID W12429168
Style 2-Storey
Bedrooms 2
Annual Tax Amount $15,245
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Prime Mixed-Use Investment in Parkdale - a fantastic opportunity to own a fully leased, mixed-use building in the heart of Toronto's vibrant Parkdale community. This property offers secure, long-term commercial income alongside stable residential rental upside. Investment Highlights - Main Floor Commercial Tenant: home to a busy Himalayan restaurant with strong local following and consistent foot traffic. The tenant has just renewed for an additional 5-year term, with further 5-year renewal option, providing excellent income stability. Residential Apartments: The upper level contains two well-proportioned 1-bedroom apartments. Both are leased, with one unit currently under market rent - offering immediate upside potential of approximately $8,000/year in additional income once adjusted to market levels. Secure and Diverse Income: Benefit from dual revenue streams - long-term commercial tenancy plus residential rental growth. Key Features - high visibility Queen St West frontage in the heart of Parkdale; two fully leased residential units for consistent income; commercial lease security with 5 + 5 years remaining; immediate value-add potential through residential rent adjustment; thriving location surrounded by transit, retail, and a dense residential population supporting strong business activity. This is a turn-key investment opportunity in one of Toronto's most dynamic corridors. With reliable commercial tenancy, strong residential demand, and built-in rental upside, 1508 Queen St W offers investors both stability and growth potential.
Location
State ON
County Toronto
Community Roncesvalles
Area Toronto
Rooms
Family Room No
Basement Finished
Kitchen 2
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Other
Pool None
Roof Type Flat,Membrane
Lot Frontage 15.13
Lot Depth 113.65
Total Parking Spaces 2
Building
Foundation Block
Others
ParcelsYN No
Listed by PSR