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For saleMLS® W13550506

1260 The Queensway, Toronto, ON M8Z 1S2

Islington-City Centre West · W08 · M8Z 1S2

$1,880,000

$628 / sq ft

3 months on market

Bathrooms
6
Total area
2,996 sf
Lot
19.83 × 98.39 ft

What's special

  • Lane garage

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About this property

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.

Property details

Property

Property type
retail
Bathrooms
6
Interior size
2,996 sq ft
Lot size
19.83 × 98.39 ft
Zoning
Cr
Possession
To Be Negotiated

Interior

Heating
Gas Hot Water
Cooling
No

Exterior & services

Garage
Lane
Sewer
Sanitary

Costs

List price
$1,880,000
Property taxes
$10,835 / year (2025)
Price per sq ft
$628
Rental items
Gas Burner (Boiler) & Equipment and 2 Hot Water Tanks.

Listing

MLS® number
W13550506
Status
For sale
Listed
July 10, 2026
Days on market
118
Last updated
September 14, 2026
Listing brokerage
TRADEWORLD REALTY INC

Price & sale history

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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 Toronto are asking less.

$379KMedian $1.40M$3.90M
This home
$628 / sq ft
Comparable median
$665 / sq ft

Based on 96 comparable active retail listings in Toronto. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $376,000
$376,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$8,315.87
Property tax (est.)
$902.92
Estimated monthly
$9,219

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
$34,075
Toronto municipal
$34,075
Total due on closing
$68,150

An estimate on the asking price of $1,880,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of TRADEWORLD REALTY INC. 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.

$1,880,000

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