894 Queen Street

Toronto E01, ON

4,230 sqft
Store W Apt/Office
69 days on market

$2,750,000

Positioned in the heart of trendy, high-traffic Leslieville, this meticulously maintained mixed-use property represents a turnkey investment with a great Net Operating Income and future development intensification upside. The column-free, street-level commercial space features a prominent Queen Street East frontage with high pedestrian visibility, currently occupied by a well-established anchor restaurant with a secure, long-term lease. Above, two expansive, full-floor walk-up residential apartments boast bright layouts, high ceilings, and significant rental upside-ideal for premium market-rent leasing or a sophisticated owner-occupier suite. The building has been flawlessly upkept by the current owner with extensive, high-ticket capital improvements, including a complete roof replacement new skylights (May 2023), a new A/C (August 2023), and a new boiler installed (September 2024). Featuring a highly coveted rear lane access for convenient loading and parking, this property is entirely worry-free. Situated steps from Jimmie Simpson Park and the upcoming Ontario Line transit hub, this versatile asset combines immediate cash flow from premier local tenancy with long-term capital appreciation in Toronto's most sought-after east-end commercial corridor. A brochure with financial information about this Listing is available.

Listing Details

Taxes (2025): $22,358
Listed: July 6, 2026

Price History

Listing history

Property

Lot Size: 20.5 x 100 Feet

Parking

Garage: None

Location & Legal

Cross Street: Queen/Booth
Zoning: CR 2.5(c1,r2*2224)
Parcel Number: 210750253
Possession: Immediate
Occupancy: Tenant

Commercial

Office / Apartment Area: 2200 Sq Ft

Community

Postal area M4M

Population: 25,052
Private dwellings: 12,249
Median age: 38.8
Average household size: 2.2
Median household income: $99,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Toronto E01 · last 12 months

Median sold price: $1,180,000
Homes sold: 687
Median days on market: 9
Sale-to-list price: 106.1%

Based on 687 recorded sales of commercial properties in Toronto E01 over the last 12 months.

Listed by

ROYAL LEPAGE TERREQUITY REALTY

Walk Score

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Location

Street View

Commercial figures

Building area: 4,230 sq ft
Price per sq ft: $650.12
Annual property tax: $22,358
Tax per sq ft: $5.29

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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