691 The Queensway
Stonegate-Queensway, Toronto, M8Y 3A6
$1,099,900
Listed 31 days ago · MLS® W13804388
About this home
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!
Details
- Type
- Commercial Retail
- Age
- 0-5 years
- Garage
- Underground
- Neighbourhood
- Stonegate-Queensway
- Municipality
- Toronto W07
Heating, cooling and services
- Heating
- Electric Forced Air
- Air conditioning
- Yes
- Utilities
- Yes
Building and exterior
- Age
- 0-5 years
- Building area
- 1,161 Square Feet
More
- Possession
- Flexible
- Cross street
- The Queensway
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
- 🚆 Mimico GO18 min walk
Within a 10-minute walk: 2 grocery stores, 30 cafés and restaurants, 7 parks, 4 pharmacies. Nearest grocery: No Frills (250 m). Nearest park: Winslow Dalesford Park (250 m).
Schools nearby
Elementary
- St. Louis Catholic School Catholic
EQAO: Gr 6 reading 100%, math 43%2 min walk - George R Gauld Junior School
EQAO: Gr 3 reading 82%, math 63%11 min walk - École élémentaire catholique Sainte-Marguerite-d'Youville Catholic · French
EQAO: Gr 6 reading 100%, math 68%18 min walk - St. Mark Catholic School Catholic
EQAO: Gr 6 reading 74%, math 47%18 min walk
Secondary
- Karen Kain School of the Arts8 min walk
- Etobicoke School of the Arts
EQAO: Gr 9 math 68%, literacy test 92%8 min walk - Bishop Allen Academy Catholic Secondary School Catholic · Private
EQAO: Gr 9 math 81%, literacy test 94%14 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 M8Y
- Owners / renters
- 56% / 44%
- Median household income
- $91,000
- Average age
- 41
- Children under 15
- 15%
- Homes
- 34% detached, 29% high-rise
- Commute by transit
- 19%
- Population
- 21,986
Languages spoken most at home besides English: Ukrainian 2.8%, Polish 2.5%, Russian 2.2%, Spanish 1.5%.
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 Stonegate-Queensway (2025): 25% below the Toronto average, down 13% from the year before.
- Assault39% below average
- Break and enterabout average
- Auto theftabout average
- Robbery48% below average
- Theft from vehicles39% below average
- Shootings67% above average
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 3 active
-
2-4 MENDOTA RD · 450 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2024Proposal to amend the Official Plan and Zoning By-law to permit a 4-storey (15.2 metre) tall self-storage facility with a gross floor area of 11,168.26 square…Application details
-
722 THE QUEENSWAY · 100 mSite Plan · Under Review · applied 2023The application seeks to redevelop the property by demolishing the existing one-storey commercial building and constructing a new eight-storey mixed-use…Application details
-
522 ROYAL YORK RD · 350 mOfficial Plan / Zoning By-law Amendment · OMB Appeal · applied 2022Proposal for a mixed-use development consisting of three buildings on two parcelsApplication details
-
689 THE QUEENSWAY · 0 mPlan of Condominium · Closed · applied 2024Application 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): 10 km. Transit times · Driving times
Noise 1 source nearby
- 🛣️ Gardiner Expressway350 m
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Trees
41 City street trees within 100 m. 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 RE/MAX GOLD REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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