$1,099,900
( $947.37Per Sq Foot )
 $5,905 est/mo Sourced by Back At You

691 The Queensway,Toronto (Stonegate-Queensway), ON M8Y3A6

Toronto (Stonegate-Queensway), ON M8Y3A6

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Description

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! (id:13843)

Details

MLS #W13804388
Listing TypeFor Sale
StyleRetail
StatusActive
Days On Site52
Listing Provided ByRE/MAX GOLD REALTY INC. | GAGANDEEP SINGH LALL

Features

SQ Feet1,161
ZoningCommercial (Multi Use)

Interior

CoolingFully air conditioned
HeatingForced air
Fireplace Yes / NoNo

Parking

Parking FeaturesUnderground
Parking Total1

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount0

Area Information

ProvinceON
CityToronto (Stonegate-Queensway)
Postal CodeM8Y3A6
Listing VS Median (in M8Y3A6)
Price:
$1,099,900
low | high
Med:
$1,099,900
50% of Average
sqft:
1,161
low | high
Med:
1,161
50% of Average
$ / sqft:
$947
low | high
Med:
$947
50% of Average
On site:
52
low | high
Med:
52
100% of Average
Sourced by Back At You

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Learn More About This Property

Samin Chowdhury

Samin Chowdhury

Sutton Group - Quantum Realty Inc- Brokerage

Sales Representative, Représentant immobilier, REALTOR® (647) 877-3154saminchowdhury@sutton.com
ProvinceON
CityToronto (Stonegate-Queensway)
Postal CodeM8Y3A6
Listing VS Median (in M8Y3A6)
Price:
$1,099,900
low | high
Med:
$1,099,900
50% of Average
sqft:
1,161
low | high
Med:
1,161
50% of Average
$ / sqft:
$947
low | high
Med:
$947
50% of Average
On site:
52
low | high
Med:
52
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $824K - $1.374M
sqft: 871 - 1,000
Nearby Listings Property ImageNearby Listings Details
313 - 689 THE QUEENSWAY STREET Property Photo 1
$863,000
313 - 689 The Queensway Street
Toronto (stonegate-queensway), ON M8Y0C8
Listing Updated: September 29, 2026 at 1:21:57 AM PDT
Samin Chowdhury
Sales Representative,Représentant immobilier,REALTOR®
(647) 877-3154
Sutton Group Quantum Realty Inc- Brokerage - Oakville
260 Lakeshore Road East
Oakville, ON L6J1J1

Samin Chowdhury - Sutton