1985 Queen Street E, Toronto, ON M4L 1J1
The Beaches, Toronto · Near Queen St. East & Woodbine Ave. · View map
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.
The home
- Type
- Store w apt / office
- Square footage
- 3600 sq ft
- Bathrooms
- 3
- Lot size
- 25 x 125 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $29,383/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- TBD
- Cross street
- Queen St. East & Woodbine Ave.
- Neighbourhood
- The Beaches
More
- MLS® number
- E13636296
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1985 Queen Street, Toronto, ON M4L 1J1
The Beaches, Toronto · Near Queen St. East & Woodbine Ave.
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Listing history for 1985 Queen Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1985 Queen Street E
Answers come straight from this home’s MLS® listing.
How much is 1985 Queen Street E listed for, and what would it cost each month?
1985 Queen Street E is listed for $2,588,000. With 20% down ($517,600), the mortgage payment would be roughly $10,439 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $12,888 a month, all in. That figure is an illustration, not a quote.
Is 1985 Queen Street E freehold or a condo, and is there a monthly fee?
1985 Queen Street E is a store w apt / office in The Beaches, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 1985 Queen Street E have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 1985 Queen Street E?
1985 Queen Street E is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 1985 Queen Street E, and what is the lot size?
The lot is listed as 25 x 125 ft.
How is 1985 Queen Street E heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 1985 Queen Street E?
Property taxes are $29,383 a year (2026), or about $2,449 a month.
Where is 1985 Queen Street E?
1985 Queen Street E is in the The Beaches community of Toronto. The nearest main intersection is Queen St. East & Woodbine Ave.. The postal code is M4L 1J1.
Is 1985 Queen Street E still for sale?
Yes. It is an active listing (MLS® E13636296). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1985 Queen Street E asking?
Similar properties for sale nearby right now include 633 Queen Street W at $2,550,000, 633 Queen Street W at $2,550,000 and 1945 Queen Street E at $2,500,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1985 Queen Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1985 Queen Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Store w apt / office$2,500,0001945 Queen Street E, TorontoThe BeachesCourtesy of: RE/MAX ULTIMATE REALTY INC.View home →Courtesy of: KELLER WILLIAMS REFERRED URBAN REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.