1985 Queen Street E, Toronto, ON M4L 1J1
$2,588,000
***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
Property
| Lot width | 25 |
| Lot depth | 125 |
Power & Services
| Heating type | Gas Forced Air Closed |
| Sewer | Sanitary+Storm |
| Utilities | Yes |
Residential
| Bathrooms | 3 |
Zoning & Taxes
| Taxes / yr | $29,383 |
| Tax year | 2026 |
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Data provided by TRREB. Listed by KELLER WILLIAMS REFERRED URBAN REALTY.