894 Queen Street E,Toronto E01, ON M4M 1J3
Toronto E01, ON M4M 1J3
Description
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.
Details
| MLS # | E13533226 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 103 |
| Listing Provided By | ROYAL LEPAGE TERREQUITY REALTY | E13533226 045717 |
Features
| SQ Feet | 4,230 |
|---|---|
| Acreage | 0.10 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | Partial |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 22358.29 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E01 |
| Postal Code | M4M 1J3 |
| Area | South Riverdale |
| Listing VS Median (in M4M 1J3) | |
Price: $2,750,000 low | high Med: $2,750,000 sqft: 4,230 low | high Med: 4,230 $ / sqft: $650 low | high Med: $650 On site: 103 low | high Med: 103 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E01 |
| Postal Code | M4M 1J3 |
| Area | South Riverdale |
| Listing VS Median (in M4M 1J3) | |
Price: $2,750,000 low | high Med: $2,750,000 sqft: 4,230 low | high Med: 4,230 $ / sqft: $650 low | high Med: $650 On site: 103 low | high Med: 103 | |