691 THE QUEENSWAY,Toronto (Stonegate-Queensway),Ontario,M8Y3A6
For sale
$1,099,900
691 THE QUEENSWAY,Toronto (Stonegate-Queensway),Ontario,M8Y3A6
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:63658)
PROPERTY SUMMARY
| MLS® # | : | W13804388 |
| Listing price | : | $1,099,900 |
| Listed on | : | 03-10-2026 |
| Property subtype | : | For sale |
| Square footage | : | 1161 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX GOLD REALTY INC. |
BEDROOM & BATHROOM
| Total bedrooms | : | 0 Bedrooms |
| Total bathrooms | : | 0 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : | Underground |