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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
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 Roncesvalles
Area Toronto
Zoning Commercial/Residential
Interior
Cooling Yes
Inclusions 2 parking spots in back! * Enviro Assessment Phase 1 complete & available * Approval for 3rd floor expansion.
Exterior
Utilities Available Available
Lot Frontage 15.14
Lot Depth 113.65
Others
Security Features No
ParcelsYN No
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Listed by PSR
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