1985 Queen Street E
1985 Queen Street E
$2,588,000
$719/sq ft · 15 days on market
About This Listing
***WOW***Incredible opportunity on one of the most talked about and lively neighbourhoods of Toronto. This high-visibility, freehold mixed-use asset on Queen Street East features an established ground-floor commercial tenant and two 2-bedroom turnkey residential units, offering immediate income with high-yield potential. Located in Prime Beach, the property provides a unique combination of premium, updated residential suites and direct access to Kew Gardens, suitable for investors seeking strong cap rates or an owner-user live-work opportunity.The two upper-level two-bedroom apartments feature modern finishes, stone countertops, bright skylights, and in-suite laundry, ensuring a competitive advantage in Toronto's high-demand rental market. Combined with a perfect walk score, heavy pedestrian traffic, and immediate transit access, this property offers a rare combination of immediate commercial cash flow, residential upside, and premium real estate positioning.
| Monthly Mortgage (P&I) | $11,276 |
| Property Tax (MLS) | $2,449 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $13,724 |
Down payment: $517,600 (20.0%) · Mortgage: $2,070,400
Property tax uses MLS annual tax of $29,383/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by KELLER WILLIAMS REFERRED URBAN REALTY
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Data last updated: August 23, 2026 at 06:25 a.m.