691 THE QUEENSWAY, Toronto (Stonegate-Queensway)

$1,099,900

For sale: Other

Other at 691 THE QUEENSWAY, Toronto (Stonegate-Queensway)
Property type
Commercial Retail
MLS®
MLS® W13804388
Neighbourhood
Stonegate-Queensway

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 approximately 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!

Sold data

Homes in Stonegate Queensway — recent sold market

Homes in Stonegate Queensway took a median of 14 days to sell over the last 90 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 25, 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 47 days.

The median sale price was $1,184,000.

Homes sold for about 2.0% below asking on average, so there was room to negotiate.

About 30% 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
$1,184,000
Sale-to-list ratio
98.0%
Sold above asking
30%

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 (Stonegate-Queensway)

Toronto (Stonegate-Queensway) 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 (Stonegate-Queensway)

  • 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 691 THE QUEENSWAY