$1,599,000
Available - For Sale
Listing ID: E13779822
1572 Queen Street East , Toronto, M4L 1E9, Toronto
| 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. |
| Price | $1,599,000 |
| Taxes: | $14602.00 |
| Occupancy: | Tenant |
| Address: | 1572 Queen Street East , Toronto, M4L 1E9, Toronto |
| Directions/Cross Streets: | Queen and Coxwell |
| Rooms: | 6 |
| Bedrooms: | 2 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | None |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Second |
| Washroom Type 2 | 2 | Basement |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Second |
| Washroom Type 7 | 2 | Basement |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Store W Apt/Office |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | Detached |
| Drive Parking Spaces: | 1 |
| Pool: | None |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Beach, Lake Access |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| SUTTON GROUP-ADMIRAL REALTY INC. |
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Bus:
416-994-5000
Fax:
416.352.5397
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Store W Apt/Office |
| Area: | Toronto |
| Municipality: | Toronto E01 |
| Neighbourhood: | Greenwood-Coxwell |
| Style: | 2-Storey |
| Tax: | $14,602 |
| Beds: | 2 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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