1572 QUEEN STREET E, Toronto (Greenwood-Coxwell)

About this property

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 Mya's Convenience Store, an established convenience store 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 yearsand benefits from excellent street exposure. The tenant's lease commenced in November 2023 and runs until October 31, 2028, with annual rental increases built in. 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:66939)