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$1,099,900
Ontario,Toronto (Stonegate-Queensway)
For Sale Active
691 THE QUEENSWAY, Toronto (Stonegate-Queensway), Ontario M8Y3A6
  • 1,161 Sqft
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Basic Details
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:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: W13804388
  • Price: $1,099,900
  • Square Footage: 1,161 Sqft
  • Status: Active
  • Office Name: RE/MAX GOLD REALTY INC.
  • Property Sub Type: Retail
  • Office Key: 289187
Features & Appliances
Features
  • Heating System: Forced air
  • Cooling System: Fully air conditioned
  • Parking: Underground
Address Map
  • Location: CA, Ontario, Toronto (Stonegate-Queensway), M8Y3A6
  • Street: The Queensway
  • Street Number: 691
  • Longitude: W80° 29' 59.5''
  • Latitude: N43° 37' 36.1''
Additional Information
  • Water Source:
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Listing updated: 2026-11-11 16:07:16
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Listing Information
  • List Agent Key: 2070294
  • List Office Key: 289187
  • Modification Timestamp: 2026-11-03T03:05:08Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-11-03T02:59:07Z
Powered by REALTOR.ca
Listing updated: 2026-11-11 16:07:16
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