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1473-1475 Queen St W 14 Unit Apartment Building $9,650,000 CAD ($689,286 CAD/Unit) 5% Cap Rate Toronto, ON M6R 1A4
INVESTMENT HIGHLIGHTS
- Situated along bustling Queen Street West
- The ground floor is anchored by a Triple-A commercial tenant, providing secure and stable income
- this property features 14 loft-style residential units, 2 commercial units, and a surface parking lot with18 stalls at the rear
- The generous lot size of over 17,000 square feet provides both strong in-place income and significant future development potential
EXECUTIVE SUMMARY
An exceptional opportunity to acquire a mixed-use property in one of Toronto's most dynamic and rapidly evolving neighbourhoods. Situated along bustling Queen Street West, this property features 14 loft-style residential units, 2 commercial units, and a surface parking lot with18 stalls at the rear.
The ground floor is anchored by a Triple-A commercial tenant, providing secure and stable income, while the upper-level apartment units offer unique loft-style layouts that appeal to Toronto's urban renters. Positioned directly in front of a streetcar stop, excellent transit access and visibility.
The generous lot size of over 17,000 square feet provides both strong in-place income and significant future development potential in an area experiencing ongoing growth and revitalization. This is a rare opportunity to own a premier asset in Toronto's sought-after Queen West corridor - ideal for investors seeking stable returns with long-term upside.
The ground floor is anchored by a Triple-A commercial tenant, providing secure and stable income, while the upper-level apartment units offer unique loft-style layouts that appeal to Toronto's urban renters. Positioned directly in front of a streetcar stop, excellent transit access and visibility.
The generous lot size of over 17,000 square feet provides both strong in-place income and significant future development potential in an area experiencing ongoing growth and revitalization. This is a rare opportunity to own a premier asset in Toronto's sought-after Queen West corridor - ideal for investors seeking stable returns with long-term upside.
PROPERTY FACTS
| Price | $9,650,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $689,286 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5% | Building Size | 25,893 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 0.58/1,000 SF |
| Zoning | CR 2.5 (c1.0; r2.0) SS2 - Commercial Mixed-Use | ||
| Price | $9,650,000 CAD |
| Price Per Unit | $689,286 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 25,893 SF |
| No. Stories | 3 |
| Year Built | 1985 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | CR 2.5 (c1.0; r2.0) SS2 - Commercial Mixed-Use |
AMENITIES
SITE AMENITIES
- Elevator
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (85)
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1473-1475 Queen St W
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