<-- style PDP --> 1508 Queen Street, Toronto - Commercial/Retail for sale for $1,650,000
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1508 Queen Street

Toronto, Ontario, M6R 1A4 - Roncesvalles

$1,650,000

  • Neighbourhood

    Roncesvalles

  • Major Intersection

    Queen St W & Jameson

  • Listed Since: 82 day(s)

  • Last update: today

Overview

  • Property Type

    Commercial/Retail, Retail

  • Bedrooms

    n/a

  • Bathrooms

    n/a

  • Basement

    Y

  • Kitchen

    n/a

  • Total Parking

    n/a

  • Lot Size

    15.14x113.65 (Feet)

  • Taxes

    $15,245.93 (2025)

  • Type

    Commercial

Property Description

Property description for 1508 Queen Street, Toronto

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.

Listed by PSR

  • MLS #

    W12429178

  • Sq. Ft

    2050

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    n/a

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    n/a

  • Fireplace

    n/a

  • Roof

    n/a

  • Foundation

    n/a

  • Elevator

    None

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Gas Forced Air Closd

  • A/C

    Y

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    San+Storm

  • Central Vac

    n/a

  • MLS #

    W12429178

  • Sq. Ft

    2050

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    n/a

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    n/a

  • Fireplace

    n/a

  • Roof

    n/a

  • Foundation

    n/a

  • Elevator

    None

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Gas Forced Air Closd

  • A/C

    Y

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    San+Storm

  • Central Vac

    n/a

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 1508 Queen Street, Toronto

This property has been sold 6 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Closing Cost Calculator

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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