Unknown for 1508 Queen St, Toronto Ontario M6R 1A4
26 days on Market

1508 Queen St, Toronto, Ontario M6R 1A4

Other
-
-
~2050 sqft
$1,650,000
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Other
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~2050 sqft

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Highlights

Property Estimate

Days on market26 days

Estimated valueNot available

Price/Sqft$804/sqft

Monthly cost

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CMA Subject Property

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+9

Properties sold*

$1.3M

Median sold price*

*Based on last 30 days

Description

Prime Mixed-Use Investment in Parkdale - a fantastic opportunity to own a fully leased, mixed-use building in the heart of Toronto's vibrant Parkdale community. This property offers secure, long-term commercial income alongside stable residential rental upside. Investment Highlights - Main Floor Commercial Tenant: home to a busy Himalayan restaurant with strong local following and consistent foot traffic. The tenant has just renewed for an additional 5-year term, with further 5-year renewal option, providing excellent income stability. Residential Apartments: The upper level contains two well-proportioned 1-bedroom apartments. Both are leased, with one unit currently under market rent - offering immediate upside potential of approximately $8,000/year in additional income once adjusted to market levels. Secure and Diverse Income: Benefit from dual revenue streams - long-term commercial tenancy plus residential rental growth. Key Features - high visibility Queen St West frontage in the heart of Parkdale; two fully leased residential units for consistent income; commercial lease security with 5 + 5 years remaining; immediate value-add potential through residential rent adjustment; thriving location surrounded by transit, retail, and a dense residential population supporting strong business activity. This is a turn-key investment opportunity in one of Toronto's most dynamic corridors. With reliable commercial tenancy, strong residential demand, and built-in rental upside, 1508 Queen St W offers investors both stability and growth potential.


Property Details

StyleRetail
View-
Age of property-
SqFt~2050 SqFt
Lot Size1,720 SqFt(113.65 x 15.14)
Parking Spaces-
MLS ®NumberW12429178
Community NameParkdale
Data SourceTRREB
Listing byPSR

Features

Heating: Gas Forced Air Closd
Cooling: Y
Basement: Y

Features

Lot size: 1,720 SqFt

Market Data - Parkdale

Geo Zone Map ThumbnailParkdale

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

69 days

Compared to

2024

23 days

2023

13 days

2022

34 days

New Listings

Past 30 days

23 listings

Compared to

2024

26 listings

2023

15 listings

2022

9 listings

Units sold

Past 30 days

4 units

Compared to

2024

9 units

2023

4 units

2022

4 units

Median Sold Price

Past 30 days

$1,390,000

Compared to

2024

$1,278,000

2023

$1,669,500

2022

$1,455,000


Population and Demographics

Overview

Total population 12966
Average household income $115,449

Age (%)

0 to 19
14%
20 to 34
24%
35 to 49
24%
50 to 64
20%
65 and plus
17%

Household composition (%)

Single person
52%
Single family
40%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
70%
Tibetan
7%
Polish
4%
Portuguese
3%
Spanish
3%
Tagalog (Pilipino, Filipino)
2%
French
2%
Vietnamese
2%
Yue (Cantonese)
1%
Others
1%

House tenancy (%)

Renters
78%
Owners
22%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget