1985 QUEEN STREET E, Toronto (The Beaches)

$2,588,000

For sale: Other

Other at 1985 QUEEN STREET E, Toronto (The Beaches)
Property type
Store W Apt/Office
Bedrooms / bathrooms
3 bathrooms
MLS®
MLS® E13636296
Neighbourhood
The Beaches

***WOW***Incredible opportunity on one of the most talked about and lively neighbourhoods of Toronto. This high-visibility, freehold mixed-use asset on Queen Street East features an established ground-floor commercial tenant and two 2-bedroom turnkey residential units, offering immediate income with high-yield potential. Located in Prime Beach, the property provides a unique combination of premium, updated residential suites and direct access to Kew Gardens, suitable for investors seeking strong cap rates or an owner-user live-work opportunity.The two upper-level two-bedroom apartments feature modern finishes, stone countertops, bright skylights, and in-suite laundry, ensuring a competitive advantage in Toronto's high-demand rental market. Combined with a perfect walk score, heavy pedestrian traffic, and immediate transit access, this property offers a rare combination of immediate commercial cash flow, residential upside, and premium real estate positioning.

Sold data

Homes in The Beaches — recent sold market

Homes in The Beaches took a median of 14 days to sell over the last 90 days, with the quickest quarter selling within 6 days and the slowest quarter taking more than 28, across 60 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 24 days.

The median sale price was $1,399,450.

Homes sold for about 1.1% below asking on average, so there was room to negotiate.

About 38% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
14
Median sale price
$1,399,450
Sale-to-list ratio
98.9%
Sold above asking
38%

Based on 60 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (The Beaches)

Toronto (The Beaches) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (The Beaches)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1985 QUEEN STREET E