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$ 1,599,000
Est. payment /mo
New
1572 Queen ST E Toronto E01, ON M4L 1E9
2 Beds
2 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Municipality Toronto E01
Subdivision Greenwood-Coxwell
MLS Listing ID E13779822
Style 2-Storey
Bedrooms 2
Annual Tax Amount $14,602
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
Ideally located between Toronto's vibrant Beaches neighbourhood and sought-after Leslieville, this mixed-use investment property offers an exceptional opportunity for investors and end-users alike. Situated on a 16.9 x 95 ft North Side Corner lot with rear laneway access, the property features a renovated main floor commercial space plus two bedroom residential apartment above, creating multiple income streams in a highly desirable east-end location. The main floor and full-height basement are leased to Mya's Convenience Store, an established convenience store tenant occupying approximately 930 sq. ft. on the main level plus an additional 900 sq. ft. basement area. The commercial space has been renovated in recent yearsand benefits from excellent street exposure. The tenant's lease commenced in November 2023 and runs until October 31, 2028, with annual rental increases built in. Additional highlights include: A residential 2 bedroom apartment on the second floor providing supplementary rental income. Full-height basement with functional usable space. Rear laneway access. Annual property taxes of approximately $14,601.83. Annual insurance costs of approximately $4,866.67. Full Financials available upon request. Positioned in one of Toronto's strongest urban corridors, surrounded by thriving retail, restaurants, transit, and established residential communities, this is a rare opportunity to acquire a versatile income-producing property in a prime location with long-term upside potential.
Location
Province ON
County Toronto
Community Toronto E01
Area Toronto
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Flat
Lot Frontage 16.91
Lot Depth 95.0
Total Parking Spaces 2
Building
Unit Features Beach,Lake Access,Park,Place Of Worship,Public Transit,School
Foundation Concrete
Others
Security Features None
ParcelsYN No
Listed by SUTTON GROUP-ADMIRAL REALTY INC.