About 894 Queen Street E
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.
Features of 894 Queen Street E
| MLS® # | E13533226 |
|---|---|
| Price | $2,750,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Store W Apt/Office |
| Status | Active |
Community Information
| Address | 894 Queen Street E |
|---|---|
| Area | Toronto |
| Subdivision | South Riverdale |
| City | Toronto E01 |
| Province | ON |
| Postal Code | M4M 1J3 |
Amenities
| Garages | None |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Gas Forced Air Closed |
|---|---|
| Cooling | Yes |
| Fireplace | No |
Listing Details
| Office | ROYAL LEPAGE TERREQUITY REALTY |
|---|