894 QUEEN STREET E, Toronto (South Riverdale), Ontario, M4M1J3
Positioned in the heart of trendy, high-traffic Leslieville, this meticulously maintained mixed-use property represents a turnkey investment with a great Net Operating Income and future development intensification upside. The column-free, street-level commercial space features a prominent Queen Street East frontage with high pedestrian visibility, currently occupied by a well-established anchor restaurant with a secure, long-term lease. Above, two expansive, full-floor walk-up residential apartments boast bright layouts, high ceilings, and significant rental upside-ideal for premium market-rent leasing or a sophisticated owner-occupier suite. The building has been flawlessly upkept by the current owner with extensive, high-ticket capital improvements, including a complete roof replacement new skylights (May 2023), a new A/C (August 2023), and a new boiler installed (September 2024). Featuring a highly coveted rear lane access for convenient loading and parking, this property is entirely worry-free. Situated steps from Jimmie Simpson Park and the upcoming Ontario Line transit hub, this versatile asset combines immediate cash flow from premier local tenancy with long-term capital appreciation in Toronto's most sought-after east-end commercial corridor. A brochure with financial information about this Listing is available. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-931-0271
- 705-745-4321
- johnmcconkey11@gmail.com
- Property Address: 894 QUEEN STREET E, Toronto (South Riverdale), Ontario, M4M1J3
- Community Name: South Riverdale
- Property Type: Retail
- Zoning Description: CR 2.5(c1,r2*2224)
- Lot Size: Bldg=20.5 x 100 FT
- Acreage: Bldg=20.5 x 100 FT
- Water Type: Municipal water
- Maintenance Fee: 0.00
- Structure Style: Residential Commercial Mix
- Floor Space: 4230 sqft
- Heating Type: Natural gas, Forced air
- Cooling: Fully air conditioned
Listing Office: ROYAL LEPAGE TERREQUITY REALTY
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