1985 Queen Street E

The Beaches, Toronto, M4L 1J1

$2,588,000

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  • 3 bathrooms

Listed 76 days ago · MLS® E13636296

About this home

***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.

Details

Type
Store W Apt/Office
Lot
25 × 125 ft
Garage
None
Property tax
$29,383 (2026)
Neighbourhood
The Beaches
Municipality
Toronto E02

Interior

Bathrooms
3 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Water and sewer
Sanitary+Storm
Utilities
Yes

Building and exterior

Building area
3,600 Square Feet

More

Possession
TBD
Cross street
Queen St. East & Woodbine Ave.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Woodbine Subway2.1 km
  • 🚇 Main Street Subway2.2 km
  • 🚆 Danforth GO1.9 km

Within a 10-minute walk: 4 grocery stores, 31 cafés and restaurants, 6 parks, 4 pharmacies. Nearest grocery: Foodland (200 m). Nearest park: Kew Gardens (250 m).

Schools nearby

Elementary

  • Boardwalk Montessori School Private1 min walk
  • Kew Beach Junior Public School
    EQAO: Gr 6 reading 100%, math 85%
    4 min walk
  • Avalon Children's Montessori School Private6 min walk
  • Sandpiper Montessori School Private8 min walk

Secondary

  • Glen Ames Senior Public School9 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M4L

Owners / renters
61% / 39%
Median household income
$101,000
Average age
40
Children under 15
18%
Homes
19% detached, 7% high-rise
Commute by transit
22%
Population
32,218

Languages spoken most at home besides English: Yue (Cantonese) 3%, Mandarin 0.7%, Spanish 0.7%, Urdu 0.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in The Beaches (2025): 31% below the Toronto average, down 11% from the year before.

  • Assault32% below average
  • Break and enter20% below average
  • Auto theft27% below average
  • Robbery68% below average
  • Theft from vehiclesabout average
  • Shootingsnone reported

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 1 active

  • 3 BULLER AVE · 450 m
    Site Plan · Under Review · applied 2022
    Site Plan Approval application for a 6-storey residential building having a gross floor area of 5,751 square metres, and containing 86 residential dwelling…
    Application details
  • 2026 QUEEN ST E · 150 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2024
    To demolish the existing two-storey mixed-use building and construct a 6-storey (20 metres not including MPH) mixed-use building with retail fronting Queen…
    Application details
  • 3 BULLER AVE · 450 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2023
    Offical Plan Amendment application to facilitate the redevelopment of the site for a 6-storey (23.4 metres inlcuding the mechanical penthouse) residential…
    Application details
  • 3 BULLER AVE · 450 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2022
    Zoning By-law & Official Plan Amendment application to facilitate the redevelopment of the site for a 6-storey (19.9 metres plus 3.5 metre mechanical…
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 7 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Building permits

  • Other · 2017 · Inspection
    Proposal for a rear 2nd floor deck in existing mixed-use building.

9 permits on this block of the street in the last 2 years, including 1 new home.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

74 City street trees within 100 m. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by KELLER WILLIAMS REFERRED URBAN REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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