***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.
Address
1985 Queen Street E
List Price
$2,588,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Toronto E02
Sub-Area
The Beaches
Region
Toronto
Bathrooms
3
Lot Size Source
GeoWarehouse
Lot Depth
125
Lot Type
Lot
Lot Size Units
Feet
Lot Width
25
Parcel Number
213890186
Total Building Area
3600
Occupant Type
Owner
Cross Street
Queen St. East & Woodbine Ave.
MLS® Number
E13636296
Listing Brokerage
KELLER WILLIAMS REFERRED URBAN REALTY
Basement
Yes
Postal Code
M4L 1J1
Posession Details
TBD
Tax Amount
$29,383.01
Tax Year
2026
Site Influences
Public Transit, Recreation/Community Centre
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT U PL 90 CITY EAST AS IN CT966679; CITY OF TORONTO
Security Features
No
Sewer
Sanitary+Storm
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