Property Details
1508 QUEEN STREET W, Toronto (Roncesvalles), Ontario, M6R1A4
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. (id:2471)
HARVEY KALLES REAL ESTATE LTD. Brokerage - Toronto
- 416-452-6249
- 416-441-2888
- rick@rickohomes.com
- Property Address: 1508 QUEEN STREET W, Toronto (Roncesvalles), Ontario, M6R1A4
- Community Name: Roncesvalles
- Property Type: Multi-family
- Lot Size: 15.1 x 113.7 FT
- Acreage: 15.1 x 113.7 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: Carport, No Garage
- Total Parking Spaces: 2
- Maintenance Fee: 0.00
- Structure Style: Other
- Storeys: 2
- Floor Space: 1500 - 2000 sqft
- Bedrooms: 2
- Bathrooms: 2-Total
- Basement Type: N/A (Finished)
- Heating Type: Natural gas, Forced air
- Cooling: Central air conditioning
- Exterior Type: Brick
- Foundation Type: Block
Listing Office: PSR
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