16
$2,899,000
637 Kingston Road, Toronto, ON M4E 1R3
The Beaches · E02
4 bd
4 ba
2,500 sf
2
2 weeks on marketMLS® E14092800
Listing courtesy of RE/MAX HALLMARK REALTY LTD.
1 / 50
For saleMLS® E13636296
1985 Queen Street E, Toronto, ON M4L 1J1
The Beaches · E02 · M4L 1J1
$2,588,000
$719 / sq ft3 months on market
- Bathrooms
- 3
- Total area
- 3,600 sf
- Lot
- 25 × 125 ft
What's special
- Yes
About this property
***WOW***Incredible opportunity on one of the most talked about and lively neighbourhoods of Toronto. This high-visibility, freehold mixed-use asset on Queen Street East features an established ground-floor commercial tenant and two 2-bedroom turnkey residential units, offering immediate income with high-yield potential. Located in Prime Beach, the property provides a unique combination of premium, updated residential suites and direct access to Kew Gardens, suitable for investors seeking strong cap rates or an owner-user live-work opportunity.The two upper-level two-bedroom apartments feature modern finishes, stone countertops, bright skylights, and in-suite laundry, ensuring a competitive advantage in Toronto's high-demand rental market. Combined with a perfect walk score, heavy pedestrian traffic, and immediate transit access, this property offers a rare combination of immediate commercial cash flow, residential upside, and premium real estate positioning.
Property details
Property
- Property type
- retail
- Bathrooms
- 3
- Interior size
- 3,600 sq ft
- Lot size
- 25 × 125 ft
- Zoning
- COMMERCIAL MIXED USE (INCL. RESIDENTIAL)
- Possession
- TBD
Interior
- Heating
- Gas Forced Air Closed
- Cooling
- Yes
Exterior & services
- Sewer
- Sanitary+Storm
Costs
- List price
- $2,588,000
- Property taxes
- $29,383 / year (2026)
- Price per sq ft
- $719
- Rental items
- Hot water tank
Listing
- MLS® number
- E13636296
- Status
- For sale
- Listed
- August 4, 2026
- Days on market
- 92
- Last updated
- August 18, 2026
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 67% of comparable retail listings in The Beaches are asking less.
$1.71MMedian $2.22M$3.44M
- This home
- $719 / sq ft
- Comparable median
- $627 / sq ft
Based on 12 comparable active retail listings in The Beaches. These are asking prices, not sale prices.
Mortgage estimate
Down payment20.0% · minimum $517,600
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $11,447.60
- Property tax (est.)
- $2,448.58
- Estimated monthly
- $13,896
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $51,175
- Toronto municipal
- $51,175
- Total due on closing
- $102,350
An estimate on the asking price of $2,588,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
Unlock nearby sold pricesFree. Takes about twenty seconds.
Similar properties nearby
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$2,899,000
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