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$ 1,650,000
Est. payment | /mo
$ 1,650,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Municipality Toronto W01
Subdivision Roncesvalles
MLS Listing ID W12429178
Annual Tax Amount $15,245
Tax Year 2025
Property Sub-Type Commercial Retail
Lot Depth 113.65
Lot Front 15.14
Property Description
Prime Mixed-Use Investment in Parkdale - a fantastic opportunity to own a fully leased, mixed-use building in the heart of Toronto's vibrant Parkdale community. This property offers secure, long-term commercial income alongside stable residential rental upside. Investment Highlights - Main Floor Commercial Tenant: home to a busy Himalayan restaurant with strong local following and consistent foot traffic. The tenant has just renewed for an additional 5-year term, with further 5-year renewal option, providing excellent income stability. Residential Apartments: The upper level contains two well-proportioned 1-bedroom apartments. Both are leased, with one unit currently under market rent - offering immediate upside potential of approximately $8,000/year in additional income once adjusted to market levels. Secure and Diverse Income: Benefit from dual revenue streams - long-term commercial tenancy plus residential rental growth. Key Features - high visibility Queen St West frontage in the heart of Parkdale; two fully leased residential units for consistent income; commercial lease security with 5 + 5 years remaining; immediate value-add potential through residential rent adjustment; thriving location surrounded by transit, retail, and a dense residential population supporting strong business activity. This is a turn-key investment opportunity in one of Toronto's most dynamic corridors. With reliable commercial tenancy, strong residential demand, and built-in rental upside, 1508 Queen St W offers investors both stability and growth potential.
Location
Province ON
County Toronto
Community Toronto W01
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 15.14
Lot Depth 113.65
Others
Security Features No
ParcelsYN No
Listed by PSR
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