691 The Queensway, Toronto, ON M8Y 3A6
Stonegate-Queensway, Toronto · Near The Queensway · View map
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!
The home
- Type
- Commercial retail
- Square footage
- 1161 sq ft
- Approximate age
- 0-5 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Electric Forced Air
- Air conditioning
- Yes
Garage & parking
- Garage
- Underground
- Driveway spaces
- 1
- Total parking
- 1
Taxes & other
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- The Queensway
- Neighbourhood
- Stonegate-Queensway
More
- MLS® number
- W13804388
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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.
691 The Queensway N/A, Toronto, ON M8Y 3A6
Stonegate-Queensway, Toronto · Near The Queensway
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Listing history for 691 The Queensway N/A
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 691 The Queensway
Answers come straight from this home’s MLS® listing.
How much is 691 The Queensway listed for, and what would it cost each month?
691 The Queensway is listed for $1,099,900. With 20% down ($219,980), the mortgage payment would be roughly $4,437 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,124 a month, all in. That figure is an illustration, not a quote.
Is 691 The Queensway freehold or a condo, and is there a monthly fee?
691 The Queensway is a commercial retail in Stonegate-Queensway, 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 691 The Queensway have a garage and parking?
Yes. The listing shows the garage as underground. The driveway adds 1 space. In total the listing counts 1 parking space.
What style of home is 691 The Queensway?
691 The Queensway is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How is 691 The Queensway heated and cooled?
Heating is electric forced air. Cooling is yes.
Where is 691 The Queensway?
691 The Queensway is in the Stonegate-Queensway community of Toronto. The nearest main intersection is The Queensway. The postal code is M8Y 3A6.
Is 691 The Queensway still for sale?
Yes. It is an active listing (MLS® W13804388). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 691 The Queensway asking?
Similar properties for sale nearby right now include 693 The Queensway at $1,299,000, 708 The Queensway at $1,400,000 and 113 - 101 Westmore Drive at $1,099,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 691 The Queensway N/A 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 691 The Queensway?
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.
Similar properties nearby
More properties for sale near Stonegate-Queensway, picked by style, size and price.
Commercial retail$1,299,000693 The Queensway, TorontoStonegate-QueenswayCourtesy of: CENTURY 21 LEGACY LTD.View home →
Store w apt / office$1,400,000708 The Queensway, TorontoStonegate-QueenswayCourtesy of: RE/MAX WEST REALTY INC.View home →
Industrial$1,099,000113 - 101 Westmore Drive, TorontoWest Humber-ClairvilleCourtesy of: RE/MAX GOLD REALTY INC.View home →Courtesy of: RE/MAX GOLD REALTY INC.
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.