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Other for sale: 1508 QUEEN STREET W, Toronto
1508 Queen Street W
$1,650,000
Toronto , Ontario M6R1A4
2 bed
2 bath
About the Property

Queen St W & Jameson 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. (id:27476)

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Property Details
MLS® Number
W12429168
Type
Multi-family
Community Name
Roncesvalles
Land Size
15.1 x 113.7 FT
Parking Space Total
2
Building
Building Type
Other
Storeys
2
Square Footage
1500 - 2000 sqft
Bathrooms Total
2
Bedrooms Above Ground
2
Bedrooms Total
2
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished)
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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$1,650,000 - 1508 QUEEN STREET W, Toronto Ontario M6R 1A4, Canada | Real Estate For Sale | HomeAds.ca

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Updated September 29th 2025 6:02 am

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Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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