2479 Queen Street E

The Beaches, Toronto, M4E 1H8

$4,800,000

Reduced $200,000 from $5,000,000

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  • 6 bathrooms

Listed 74 days ago · MLS® E13651138

About this home

Exceptional opportunity to acquire a beautifully renovated six-unit multiplex in the heart of The Beaches. Offered fully furnished and completely turnkey, this meticulously maintained property features six spacious two-bedroom apartments, with several suites showcasing stylish modern renovations. Delivered with vacant possession, it offers investors the unique opportunity to establish market rents from day one and maximize income potential. A strong income-producing asset with excellent long-term growth potential, the property also features six dedicated parking spaces and tenant storage. Ideally situated on vibrant Queen Street East, just steps to the beach, parks, transit, cafés, restaurants, boutique shopping, and all the amenities this sought-after lakeside community has to offer. A great investment opportunity in one of Toronto's most desirable neighbourhoods

Details

Type
Investment
Lot
40 × 120 ft
Garage
None
Property tax
$12,344 (2026)
Neighbourhood
The Beaches
Municipality
Toronto E02

Interior

Bathrooms
6 × bathroom

Heating, cooling and services

Heating
Gas Hot Water
Water and sewer
Sanitary
Utilities
Yes

Building and exterior

Building area
6,264 Square Feet

More

Possession
Vacant
Cross street
Queen St E & Neville Pk Blvd
Business type
Apts - 6 To 12 Units

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

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

  • 🚇 Main Street Subway2.3 km
  • 🚇 Victoria Park Subway2.4 km
  • 🚆 Danforth GO2.0 km

Within a 10-minute walk: 3 grocery stores, 31 cafés and restaurants, 3 parks, 6 pharmacies. Nearest grocery: Your Independent Grocer (250 m). Nearest park: Balmy Beach Park (550 m).

Schools nearby

Elementary

  • St. Denis Catholic School Catholic
    EQAO: Gr 6 reading 96%, math 62%
    9 min walk
  • Balmy Beach Community School
    EQAO: Gr 6 reading 92%, math 62%
    11 min walk
  • Courcelette Public School
    EQAO: Gr 6 reading 100%, math 65%
    11 min walk
  • Sandpiper Montessori School Private15 min walk

Secondary

  • Neil McNeil High School Catholic
    EQAO: Gr 9 math 69%, literacy test 83%
    10 min walk
  • Notre Dame Catholic High School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%
    19 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 M4E

Owners / renters
64% / 36%
Median household income
$112,000
Average age
41
Children under 15
17%
Homes
28% detached, 8% high-rise
Commute by transit
20%
Population
25,473

Languages spoken most at home besides English: Spanish 0.7%, Yue (Cantonese) 0.5%, Mandarin 0.4%, Portuguese 0.2%.

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

No planning applications within 500 m in the last five years.

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.

Living here

Commute

To Union Station (downtown Toronto): 8 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

No building permits at this address since 2014.

1 permit on this block of the street in the last 2 years.

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

Trees

45 City street trees within 100 m, mostly maples. That’s about 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 ROYAL LEPAGE SIGNATURE REALTY.

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

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