Fully renovated mixed-use investment property. A rare opportunity to acquire a turn-key mixed-use building in the high demand Parkdale corridor of Queen Street West. This property has been fully renovated and modernized from top to bottom, providing a strong, low-maintenance investment with dual income streams. Investment Highlights - Main floor commercial unit: currently leased to a professional skin clinic, benefiting from high pedestrian and vehicle traffic along Queen West. Upper-level residential: spacious and fully renovated 2-bedroom + living room apartment, offering excellent rental income potential or live-work flexibility. Capital Improvements: complete renovation includes new mechanical, electrical, plumbing, cabinetry, and windows - significantly reducing future capital expenditures. Location Advantage: situated in one of Toronto's most dynamic neighbourhoods, steps to transit, retail, and a growing residential base that supports strong commercial tenancy. Key Features - entire building gut-renovated and fully updated; prime Queen St W exposure with strong tenant visibility; secure commercial and residential rental streams; low operating costs with all major systems recently upgraded; perfect for investors seeking a stabilized, turn-key asset in a thriving Toronto neighbourhood.
Address
1656 Queen Street W
List Price
$1,600,000
MLS® Status
Sold Conditional
Expiration Date
2026-01-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto W01
Sub-Area
Roncesvalles
Region
Toronto
Lot Depth
100
Lot Type
Lot
Lot Size Units
Feet
Lot Width
17.45
Parcel Number
213880214
Total Building Area
2000
Occupant Type
Tenant
Cross Street
Queen & Roncesvalles
MLS® Number
W12424997
Listing Brokerage
PSR
Basement
Yes
Postal Code
M6R 1B2
Posession Details
TBD
Tax Amount
$14,946.10
Tax Year
2025
Property Management Company
.
Standard Status
Pending
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 29 PL 591 PARKDALE AS IN WG131529 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO
Security Features
No
Sewer
Storm
