For sale 50$2,588,000
1985 Queen Street East
The Beaches, Toronto, Ontario M4L1J1
For sale· Added
About this property
***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.
Location
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Property details
Listing
- MLS® number
- E13636296
- Added
- Aug 4, 2026 ()
- Updated
- Aug 18, 2026 ()
- Info refreshed
Overview
- Property type
- Retail
- Building type
- Residential Commercial Mix
Inside
- Bathrooms
- 3
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Fireplace
- No
Land
- Lot size
- 25 x 125 ft
- Zoning
- COMMERCIAL MIXED USE (INCL. RESIDENTIAL)
Services
- Water
- Municipal water
Location
- Cross streets
- Queen St. East & Woodbine Ave
- Directions
- Queen St E & Woodbine Ave.
Running costs
- Annual property tax
- $29,383
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