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3 Baths
3,600 sqft

C$2,588,000

1985 Queen Street E, Toronto, Toronto E02 ON, M4L 1J1

Price per sqftC$718.89
Property size3,600 sqft
Property typeCommercial

Overview

Active

New

Listed Aug 4, 2026

Updated Aug 19

***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.

Additional information

MLS® ID
E13636296

Interior Features

Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$29,383
Tax Frequency
Annually

 

Courtesy of Listed by , KELLER WILLIAMS REFERRED URBAN REALTY,

Based on information from the Toronto Regional Real Estate Board. 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. Information is deemed reliable but is not guaranteed accurate.

©2026 Toronto Real Estate Board. All rights reserved. 

Data last updated 2:38 AM UTC, 8/19/2026

 

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