691 The Queensway
Toronto W07, ON
- 1,161 sqft
- Commercial Retail
- 2 days on market
Turnkey Commercial Investment Opportunity in the Heart of Etobicoke! An exceptional opportunity to acquire a tenanted commercial unit in a boutique condominium building, ideally positioned with excellent exposure along The Queensway. Currently occupied by an established Nail & Beauty Spa with a long-term tenant and over 4 years remaining on the existing lease, plus a 5-year renewal option. Offering an attractive 5% cap rate with built-in annual rent escalations of 4%, providing growing income year after year. The tenant pays TMI, including condo fees and property taxes, making this an excellent hands-off investment opportunity. One parking space included. Located along the rapidly evolving Queensway corridor, surrounded by residential developments, established neighbourhoods, businesses, transit and major amenities. An excellent opportunity for investors seeking immediate rental income, long-term stability and future growth potential in Toronto. Don't miss this rare investment opportunity!
Listing Details
- Listed
- September 18, 2026
Price History
Property
- Age
- 0-5
Parking
- Garage
- Underground
Location & Legal
- Cross Street
- The Queensway
- Zoning
- Commercial (Multi Use)
- Parcel Number
- 771580009
- Possession
- Flexible
- Occupancy
- Tenant
Community
Postal area M8Y
- Population
- 21,986
- Private dwellings
- 10,533
- Median age
- 40.8
- Average household size
- 2.2
- Median household income
- $91,000
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 W07 · last 12 months
- Median sold price
- $1,250,000
- Homes sold
- 227
- Median days on market
- 13
- Sale-to-list price
- 99.3%
Based on 227 recorded sales of commercial properties in Toronto W07 over the last 12 months.
Listed by
RE/MAX GOLD REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,161 sq ft
- Price per sq ft
- $947.37
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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