1572 QUEEN STREET E

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 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 years and benefits from excellent street exposure. 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. 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. (id:67197)

Price

$1,599,000

Property Type

Single Family

Transaction Type

For sale

Bedrooms

2

Bathrooms

2

Parking

2

MLS® Number

E13779822

Building Type

Residential Commercial Mix

Bedrooms Above Grade

2

Bathrooms

2

Basement

None

Cooling

Central air conditioning

Exterior Finish

Brick

Fireplace

No

Foundation

Concrete

Heating Fuel

Natural gas

Heating

Forced air

Stories

2

Water

Municipal water

Size Frontage

16 ft ,10 in

Size Depth

95 ft

Acreage

No

Sewer

Sanitary sewer

Amenities Nearby

Beach, Park, Place of Worship, Public Transit, Schools

• Beach
• Park
• Place of Worship
• Public Transit
• Schools
• Water Heater