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1464 Queen St W 10,552 SF 60% Leased Retail Building Toronto, ON M6K 1M2 $2,903,729 USD ($275.18 USD/SF) 4% Cap Rate



Executive Summary
1464 Queen St W | Iconic Mixed-Use Landmark. A rare 10,500+ sq. ft. former bank building situated on the Northeast corner of Queen & Lansdowne. This turnkey asset features a vacant ground-floor retail anchor (2,600 sf) with soaring ceilings and 3-sided light exposure, paired with four premium 2-bed, 2-bath residential suites (fully leased at avg. $3,294+/month each). Recently renovated top-to-bottom, the property boasts high-end finishes, gas stoves, in-suite laundry, and 4 on-site parking stalls. With a projected stabilized NOI of $200k+, this is a premier opportunity for investors or end-users to secure a prominent corner in Toronto's West End. Direct 301/301L streetcar access at the doorstep.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,552 SF
Building Class
B
Year Built
1909
Price
$2,903,729 USD
Price Per SF
$275.18 USD
Cap Rate
4%
NOI
$116,149 USD
Percent Leased
60%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
12’
Building FAR
2.42
Lot Size
0.10 AC
Zoning
CR - CR 2.5 (c1.0; r2.0) SS2 (x1766)
Parking
4 Spaces (0.38 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (85)
Nearby Major Retailers
1 of 6
Videos
Matterport 3D Exterior
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Photos
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1464 Queen St W
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