$2,588,000
( $718.89Per Sq Foot )
 $13,893 est/mo Sourced by Back At You

1985 Queen Street E,Toronto E02, ON M4L 1J1

Toronto E02, ON M4L 1J1

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Description

***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.

Details

MLS #E13636296
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site29
Listing Provided ByKELLER WILLIAMS REFERRED URBAN REALTY | E13636296 205200

Features

Bath(s)3
SQ Feet3,600
Acreage0.08

Interior

CoolingYes

Exterior

Community FeaturesPublic Transit, Recreation/Community Centre
Security FeaturesNo

Utilities

UtilitiesYes
SewerSanitary+Storm

Taxes

Tax Annual Amount29383.01
Tax TypeAnnual
Tax Legal DescriptionPT LT U PL 90 CITY EAST AS IN CT966679; CITY OF TORONTO
Tax Year2026

Area Information

ProvinceON
CountyToronto
CityToronto E02
Postal CodeM4L 1J1
AreaThe Beaches
Listing VS Median (in M4L 1J1)
Price:
$2,588,000
low | high
Med:
$2,588,000
50% of Average
sqft:
3,600
low | high
Med:
3,600
50% of Average
$ / sqft:
$719
low | high
Med:
$719
50% of Average
On site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You

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Additional Information

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

Contact

Learn More About This Property

Priya Ramnarine

Priya Ramnarine

Coldwell Banker The Real Estate Centre

 (647) 272-7279priya.ramnarine@wearetrec.com
ProvinceON
CountyToronto
CityToronto E02
Postal CodeM4L 1J1
AreaThe Beaches
Listing VS Median (in M4L 1J1)
Price:
$2,588,000
low | high
Med:
$2,588,000
50% of Average
sqft:
3,600
low | high
Med:
3,600
50% of Average
$ / sqft:
$719
low | high
Med:
$719
50% of Average
On site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You
Listing Updated: August 18, 2026 at 1:10:53 PM PDT

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Priya Ramnarine

3485B Kingston Road
Toronto, Ontario M1M 1R4
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.
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