1508 Queen Street W

1508 Queen Street W
1508 Queen Street W
1508 Queen Street W
+40
2
 bed
2
 bath
2
 parking
1500 - 2000
 sqft
Multiplex
$1,650,000
For Sale
91 days
 on site
$1,650,000
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Size
-
Lot size
1719 sqft
Street frontage
-
Possession
Other
Price per sqft
$825 - $1,100
Taxes
$15,245.93 (2025)
Parking Type
-
Style
2-Storey
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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.
Broker: PSR
MLS®#: W12429168
Property details
Parking:
2
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
1500-2000 sqft
Lot front:
15 Ft
Lot depth:
113 Ft
Listed on:
Sep 26, 2025
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Instant estimate:
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$51,640
lower than listed price
i
High
$1,655,362
Mid
$1,598,360
Low
$1,517,937
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About 1508 Queen Street W

Located at 1508 Queen Street W, this Toronto multiplex is available for sale. It was listed at $1650000 in September 2025 and has 2 beds and 2 bathrooms. 1508 Queen Street W, Toronto is situated in Roncesvalles Village, with nearby neighbourhoods in Parkdale, Little Portugal, Beaconsfield Village and Liberty Village.

Looking for your next favourite place to eat? There is a lot close to 1508 Queen St W, Toronto.Grab your morning coffee at Tim Hortons located at 1480 Queen St W. For grabbing your groceries, Tsampa Cafe is only steps away.

For those residents of 1508 Queen St W, Toronto without a car, you can get around quite easily. The closest transit stop is a Bus Stop (MacDonell Ave at Queen St West North Side) and is only steps away connecting you to Toronto's public transit service. It also has route Lansdowne, and route Parkdale nearby. If you need to get on the highway often from 1508 Queen St W, Gardiner Expressway and Dowling Ave has both on and off ramps and is only a 2-minute drive.