691 The Queensway Toronto, Ontario M8Y 3A6
$1,099,900
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 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:50033)
Property Details
| MLS® Number | W13804388 |
| Property Type | Retail |
| Community Name | Stonegate-Queensway |
| Parking Space Total | 1 |
Building
| Age | 0 To 5 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Forced Air |
| Size Exterior | 1161 Sqft |
| Size Interior | 1,161 Ft2 |
| Type | Retail |
| Utility Water | Municipal Water |
Parking
| Underground |
Land
| Acreage | No |
| Zoning Description | Commercial (multi Use) |
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September 18 2026 09:01:25
Toronto Regional Real Estate Board
RE/MAX Gold Realty Inc.