1260 The Queensway
1260 The Queensway
$1,880,000
$635/sq ft · 29 days on market
About This Listing
Corner Commercial & Residential Building With 4 Apartments. Great Exposure, Banks & Car Dealerships, Dental Office & Drug Store Just Next Door. Major Route & Lots Of Traffic, Rapid Developing Area with lots of new Condos, Minutes To Ikea, Qew, Ttc To Subway, M/M Tenants Pay Hydro, Roof About 15 Yrs, Windows 10 Yrs, Owners Run Chinese Restaurant With Sit In (12 Seats, 5 Tables). Mostly Customers Pick Up, Very Profitable Business, Owners Retiring, Vacant Possession Of Restaurant. Price For Building + Restaurant Equipment (See Schedule "C"). Suitable For Any Other Business. Buyer To Assume Existing 4 Tenants. There are 3x4pc. & 1x3pc. Bathrooms and 2x2pc Washrooms. Basement with One Apartment and Separate Entrance. Rental Income from Four Apartments is $5,500/month. Restaurant Business $7,000-$8,000/week.
| Monthly Mortgage (P&I) | $8,191 |
| Property Tax (MLS) | $903 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $9,094 |
Down payment: $376,000 (20.0%) · Mortgage: $1,504,000
Property tax uses MLS annual tax of $10,835/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by TRADEWORLD REALTY INC
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Data last updated: August 23, 2026 at 12:25 p.m.