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$ 2,750,000
Est. payment /mo
Active
894 Queen ST E Toronto E01, ON M4M 1J3
4,230 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,230 sqft
Price per Sqft $650
Municipality Toronto E01
Subdivision South Riverdale
MLS Listing ID E13533226
Annual Tax Amount $22,358
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
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.
Location
Province ON
County Toronto
Community Toronto E01
Area Toronto
Zoning CR 2.5(c1,r2*2224)
Interior
Cooling Yes
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Building
Lited by ROYAL LEPAGE TERREQUITY REALTY