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entryway featuring tile patterned flooring and baseboards Features: tile floor

dining room with brick wall and light tile patterned floors Features: tile floor, vent, natural light, pendent fire sprinkler, brick wall

bar area with brick wall and wainscoting Features: pendant lighting, indoor bar, vent

indoor dry bar with brick wall and open shelves Features: butcher block countertops, pendant lighting, vent, indoor bar, open shelves

dining space with brick wall Features: vent, brick wall, natural light

dining area featuring brick wall Features: tile floor, brick wall, natural light

kitchen featuring stainless steel counters and high end stainless steel range Features: range hood, sink, range oven, stainless steel countertops

kitchen featuring range hood Features: range hood

kitchen featuring extractor fan and white fridge Features: range hood, refrigerator

unfinished below grade area featuring light tile patterned floors and white fridge Features: refrigerator, tile floor, laundry, concrete wall, separate washer dryer

utility room with electric panel and electric water heater Features: electric panel, gas meter, water heater

kitchen featuring dark brown cabinets, light countertops, freestanding refrigerator, dark wood-style flooring, and modern cabinets Features: countertops, hardwood floor, dark brown cabinets, refrigerator, flat panel cabinets

kitchen featuring light countertops, white appliances, and dark brown cabinets Features: countertops, microwave, refrigerator, range oven, dark brown cabinets, hardwood floor, flat panel cabinets, sink

kitchen with dark brown cabinetry, white appliances, light countertops, under cabinet range hood, and dark wood-style flooring Features: dark brown cabinets, countertops, microwave, one wall kitchen, refrigerator, range hood, range oven, hardwood floor, sink

kitchen featuring white appliances, dark brown cabinetry, light countertops, under cabinet range hood, and light wood-style flooring Features: hardwood floor, range hood, refrigerator, flat panel cabinets, one wall kitchen, microwave, track lighting, range oven, dark brown cabinets, countertops, sink

kitchen with dark brown cabinets, white appliances, light countertops, light wood-style floors, and under cabinet range hood Features: one wall kitchen, range hood, dark brown cabinets, hardwood floor, sink, countertops, track lighting, range oven, microwave, flat panel cabinets, refrigerator

kitchen with light countertops, white appliances, dark brown cabinetry, and under cabinet range hood Features: sink, countertops, refrigerator, microwave, flat panel cabinets, one wall kitchen, range oven, track lighting, hardwood floor, vent, range hood, dark brown cabinets

kitchen with white appliances, light countertops, ventilation hood, and dark brown cabinets Features: microwave, range oven, hardwood floor, flat panel cabinets, dark brown cabinets, countertops, sink, refrigerator, one wall kitchen, range hood

kitchen featuring white appliances, light countertops, under cabinet range hood, dark brown cabinetry, and wood finished floors Features: range oven, microwave, refrigerator, range hood, flat panel cabinets, countertops, one wall kitchen, dark brown cabinets, hardwood floor, sink

kitchen featuring white appliances, light countertops, dark brown cabinets, under cabinet range hood, and dark wood finished floors Features: range hood, sink, one wall kitchen, dark brown cabinets, hardwood floor, range oven, refrigerator, countertops, flat panel cabinets, microwave

kitchen with white appliances, light countertops, dark brown cabinets, exhaust hood, and light wood-style flooring Features: one wall kitchen, refrigerator, sink, range oven, range hood, dark brown cabinets, microwave, flat panel cabinets, hardwood floor, countertops

kitchen featuring white appliances, dark brown cabinets, and light countertops Features: dark brown cabinets, microwave, range oven, flat panel cabinets, refrigerator, sink, range hood, hardwood floor, countertops

kitchen with dark brown cabinetry, white appliances, light countertops, light wood-style floors, and extractor fan Features: dark brown cabinets, one wall kitchen, refrigerator, range oven, hardwood floor, countertops, track lighting, microwave, sink, flat panel cabinets, range hood

hallway featuring wood finished floors and baseboards Features: natural light, hardwood floor, vent

unfurnished bedroom with light wood-type flooring Features: hardwood floor, natural light, vent

unfurnished room featuring light wood finished floors and rail lighting Features: natural light, vent, hardwood floor, track lighting

unfurnished bedroom featuring light wood-style floors and a closet Features: hardwood floor, range oven, track lighting, closet

unfurnished room with light wood-style floors and baseboards Features: natural light, hardwood floor, track lighting, vent

empty room featuring wood finished floors and baseboards Features: hardwood floor, track lighting, refrigerator, vent

unfurnished bedroom with light wood finished floors and a closet Features: hardwood floor, track lighting, textured ceiling, closet, natural light

unfurnished bedroom with light wood-style floors and a closet Features: closet, hardwood floor, natural light, track lighting

unfurnished room featuring light wood-type flooring and baseboards Features: hardwood floor, vent, natural light

unfurnished room with dark wood-type flooring and baseboards Features: natural light, hardwood floor, smoke carbon monoxide detector

spare room with dark wood-style floors and baseboards Features: smoke carbon monoxide detector, hardwood floor, natural light

full bath featuring vanity, light tile patterned floors, and shower / tub combination Features: mirror, sink, tile floor, toilet, vanity, combined bath shower

half bath featuring vanity and toilet Features: sink, toilet, mirror, vanity

bathroom with washtub / shower combination Features: combined bath shower

full bathroom with vanity, tub / shower combination, and tile patterned flooring Features: toilet, vanity, sink, mirror, tile floor, combined bath shower

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For Sale - 1508 Queen Street, Toronto, Ontario

1508 Queen Street

Toronto , Ontario

2 2 $1,650,000

Est payment $8,179/mo

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Time on Jump 82 day

AI Summary *

Fully leased mixed-use building in vibrant Parkdale community.
Long-term commercial tenant with strong local following and renewed lease.
Two well-proportioned, leased 1-bedroom apartments with income upside.
High visibility on Queen St West, surrounded by strong retail and transit.
Stable investment with dual revenue streams and built-in rental growth potential.

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Purchase Price

Term

Interest Rate

Payment Frequency

Down Payment:
$ 82,500 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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.

Listing IDW12429168

Address1508 Queen Street

CityToronto, Ontario

Price$1,650,000

Bed / Bath2 / 2 Full

Style2-Storey, Multiplex

ConstructionBrick

TypeMulti-Family

StatusFor Sale

Extras

Subtype MultiplexIndoor Features OtherOwnership FreeholdBasement FinishedFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 2.00

Listing Agency:
PSR

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Listing Agency:
PSR

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For Sale - 1508 Queen Street, Toronto, Ontario

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