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
New
Expiration Date
2026-01-31
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto W01
Sub-Area
Roncesvalles
Region
Toronto
Bedrooms
2
Bedrooms (Total)
2
Rooms Above Grade
4
Bathrooms
1
Floor Area
1500-2000 Sq. Ft.
Lot Depth
100
Lot Size Units
Feet
Lot Width
17.45
Parcel Number
213880214
Occupant Type
Tenant
Cross Street
Queen & Roncesvalles
MLS® Number
W12425002
Listing Brokerage
PSR
Basement Area
Finished
Postal Code
M6R 1B2
Posession Details
TBD
Parking
Other
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$14,946.10
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Other
Garage
No
Garage Type
Carport
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Flat, Membrane
Tax Legal Description
PT LT 29 PL 591 PARKDALE AS IN WG131529 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO
Waterfront
No
Sewer
Sewer
