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New · Listed Aug 4, 2026 · 86 days on market

1985 Queen Street E, Toronto, ON M4L 1J1

$2,588,000

Commercial · Store W Apt/Office · 3600 sq ft · For Sale

***WOW***Incredible opportunity on one of the most talked about and lively neighbourhoods of Toronto. This high-visibility, freehold mixed-use asset on Queen Street East features an established ground-floor commercial tenant and two 2-bedroom turnkey residential units, offering immediate income with high-yield potential. Located in Prime Beach, the property provides a unique combination of premium, updated residential suites and direct access to Kew Gardens, suitable for investors seeking strong cap rates or an owner-user live-work opportunity.The two upper-level two-bedroom apartments feature modern finishes, stone countertops, bright skylights, and in-suite laundry, ensuring a competitive advantage in Toronto's high-demand rental market. Combined with a perfect walk score, heavy pedestrian traffic, and immediate transit access, this property offers a rare combination of immediate commercial cash flow, residential upside, and premium real estate positioning.

Property summary

TypeCommercial
SubtypeStore W Apt/Office
Building area3600 Square Feet
Bathrooms3
Lot size25 × 125 ft
Taxes$29,383 / yr
GarageNone
PossessionFlexible
OccupantOwner
Property
Lot width25
Lot depth125
Power & Services
Heating typeGas Forced Air Closed
SewerSanitary+Storm
UtilitiesYes
Residential
Bathrooms3
Zoning & Taxes
Taxes / yr$29,383
Tax year2026
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Data provided by TRREB. Listed by KELLER WILLIAMS REFERRED URBAN REALTY.

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