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Toronto W01, ON M6R 1A4,1508 Queen ST W
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Toronto W01, ON M6R 1A4,1508 Queen ST W
Toronto W01, ON M6R 1A4,1508 Queen ST W
Toronto W01, ON M6R 1A4,1508 Queen ST W
Toronto W01, ON M6R 1A4,1508 Queen ST W
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Raymond Hau

Raymond Hau

+1(416) 201-2001
$ 1,650,000
Est. payment /mo
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Active

1508 Queen ST W Toronto W01, ON M6R 1A4

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Roncesvalles

MLS Listing ID W12429178

Annual Tax Amount $15,245

Tax Year 2025

Property Sub-Type Commercial Retail

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

Province ON

County Toronto

Community Roncesvalles

Area Toronto

Interior

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 15.14

Lot Depth 113.65

Others

Security Features No

ParcelsYN No

Listed by PSR
Raymond Hau

Raymond Hau

Team Leader

+1(416) 201-2001

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