1508 Queen Street

Toronto, ON M6R 1A4 ( Roncesvalles)

Quick Facts

Type: Multiplex

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 15,246 ( 2025)

Updated: 2025-09-26 17:36:47

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.

Extras

Multiplex

Property

Status: For Sale

MLS #: W12429168

Price: $ 1,650,000

Address: 1508 Queen Street

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 15,246

Tax Year: 2025

Lot Size:

Neighbourhood: Roncesvalles

Nearest Intersection: Queen St W & Jameson

City: Toronto

Postal Code: M6R 1A4

DOM: 8 Days

Last Update: 2025-09-26 17:36:47

 

Building

Interior

Bedrooms: 2

Bathrooms: 2

Rooms: 0

Kitchens: 2

Family Room:

Fireplace:

Basement: Finished,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage: Other

Garage Spaces:

Parking Spaces: 2.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms