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    For Sale - 1572 Queen Street, Toronto, Ontario

    Est payment $7,678/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Mixed-use property located between Beaches and Leslieville for optimal access.
    • Renovated commercial space leased to an established convenience store for steady income.
    • Two-bedroom residential apartment above for additional rental revenue.
    • Full-height basement offers extra usable space for various needs.
    • Prime location surrounded by retail, restaurants, and established communities.




    Ideally located between toronto's vibrant beaches neighbourhood and sought-after leslieville, this mixed-use investment property offers an exceptional opportunity for investors and end-users alike. Situated on a 16. 9 x 95 ft north side corner lot with rear laneway access, the property features a renovated main floor commercial space plus two bedroom residential apartment above, creating multiple income streams in a highly desirable east-end location. The main floor and full-height basement are leased to mya's convenience store, an established convenience store tenant occupying approximately 930 sq. Ft. On the main level plus an additional 900 sq. Ft. Basement area. The commercial space has been renovated in recent yearsand benefits from excellent street exposure. The tenant's lease commenced in november 2023 and runs until october 31, 2028, with annual rental increases built in. Additional highlights include: a residential 2 bedroom apartment on the second floor providing supplementary rental income. Full-height basement with functional usable space. Rear laneway access. Annual property taxes of approximately $14,601. 83. Annual insurance costs of approximately $4,866. 67. Full financials available upon request. Positioned in one of toronto's strongest urban corridors, surrounded by thriving retail, restaurants, transit, and established residential communities, this is a rare opportunity to acquire a versatile income-producing property in a prime location with long-term upside potential.
    Listing IDE13779822
    Address1572 Queen Street
    CityToronto, Ontario
    Price$1,599,000
    Bed / Bath2 / 2 Full
    Style2-Storey, Store W Apt/Office
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype Store W Apt/OfficeIndoor Features Water HeaterAmenities Beach, Lake Access, Park, Place Of Worship, Public Transit, SchoolOwnership FreeholdBasement NoneFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  SUTTON GROUP-ADMIRAL REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1572 Queen Street
    Toronto , Ontario
    2 2 $1,599,000
    Get more info