Homula Realty Brokerage
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1024 Queen Street W, Toronto, ON M6J 1H6

Commercial Retail
$4,399,000

1024 Queen Street West, a 6% cap rate. Rarely offered architectural gem in the heart of Queen West. Approximately 5,000 SF above grade, plus basement (and roof decks), four-storey mixed-use building featuring four beautifully designed residential apartments and one vibrant commercial unit. 1 -2 bedroom, 2-1 bedroom, 1 bachelor apartments. ( 2, 2 storey apartments). Character-rich residential interiors showcase exposed brick, high ceilings, large windows, hardwood floors, modern appliances and quality finishes. Every apartment features its own large private deck with exceptional views, creating highly desirable indoor/outdoor living. Individual mechanical systems for each unit. The restaurant tenant adds energy and street presence. Day to night business for the area, cool cafe, and delicious pizza. Outstanding location on one of the best stretches of Queen West at Ossington.Surrounded by Toronto's best restaurants, cafés, shops and nightlife, with excellent TTC access. A truly distinctive asset with exceptional tenant appeal in one of Toronto's most sought-after neighbourhoods.

MLS number
C13770156
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
Postal code
M6J 1H6
Photos
28
Property tax
$24,655 / year
1days · this listing
1days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Givins/Shaw Junior Public School8.1 / 10
Elementary · Regular Track
TDSB boundary
Parkdale Collegiate Institute7.4 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Msgr Fraser College (Southwest)
Toronto CDSB
Secondary222 mNot reported
Pope Francis Catholic School
Toronto CDSB
Elementary816 m6.7 / 10
67% met the standard
The Grove Community School
Toronto DSB
Elementary719 mNot reported
Ossington/Old Orchard Junior Public School
Toronto DSB
Elementary965 m8.8 / 10
88% met the standard
Alexander Muir/Gladstone Ave Junior and Senior Public School
Toronto DSB
Elementary742 m7.3 / 10
73% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 342 people.

$74,000Median household income
47.1%Own their home
2.9%Detached houses
38.4Median age
38.6%Born outside Canada
42.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35201448 — the few blocks around this address, home to 342 people. It describes the area, not this property.

342Population
41Average age
2Household size
$104,000Average household income
$74,000Median household income
47%Own their home
53%Rent
21%Condominiums
39%Born outside Canada
43%University degree
$1,400,000Average home value
11%Low income
47%Not in the labour force
42%Never married
Under $5,0002%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$50,000 to $59,9997%
$60,000 to $69,9997%
$70,000 to $79,9992%
$80,000 to $89,9992%
$90,000 to $99,9992%
$100,000 and over30%
$100,000 to $124,9997%
$125,000 to $149,9997%
$150,000 to $199,9997%
$200,000 and over13%

Percentages are of the 230 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$879,800 · minimum here is $879,800
$19,477.82per month
Borrowed before insurance$3,519,200
Total borrowed$3,519,200
Interest over 25 years at 4.5%$2,324,146

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$14,200.40per month out of pocket
Rent$7,332.00
Everything it costs to hold$21,532.40
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 2 still in progress.

1113 DUNDAS ST W342 m
Under Review · applied April 1, 2026

Site Plan Approval for a 10 storey residential building with 74 dwelling units, 23 of which will be affordable housing and a one-storey ancillary building at the rear of the site.

City planning file →
26 OSSINGTON AVE161 m
Under Review · applied March 5, 2019

Site Plan Application to permit a 3-storey mixed use building containing 4 residential units and retail at grade.

City planning file →
1113 DUNDAS ST W342 m
Closed · applied December 19, 2023

A City-initiated combined Official Plan & Zoning By-law Amendment application for a 10-storey, mass timber, mixed-use building containing 94 dwelling units (with a portion of them being affordable units), approximately 194 square-metres of non-residential spac…

City planning file →
1200 DUNDAS ST W460 m
Closed · applied November 6, 2021

Draft Plan of Condominium for 115 units.

City planning file →
1200 DUNDAS ST W460 m
Closed · applied November 20, 2019

Site Plan Approval application for a proposed 8-storey mixed-use building comprised of 115 residential dwelling units and 355.0 m² of non-residential gross floor area. A total of 28 parking spaces will be provided in a below grade parking structure.

City planning file →
259 DOVERCOURT RD448 m
Closed · applied June 13, 2018

Application for exemption from Part-lot Control, to create 4 parcels of tied land. See related application 15-254203 STE 19 CD.

City planning file →
12 OSSINGTON AVE201 m
Closed · applied April 26, 2018

Site Plan Control application to permit the construction of a new 4-storey office/retail building (1653.0 sq. m.)

City planning file →
1200 DUNDAS ST W460 m
Closed · applied June 15, 2017

Zoning By-law Amendment to permit an 8-storey mixed-use building, with a total height of 25.72 metres including wrapped mechanical penthouse, containing 99 dwelling units, 455 square metres of retail space on the ground floor and a total of 28 parking spaces w…

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by CB METROPOLITAN COMMERCIAL LTD.. Listing data provided by the Toronto Regional Real Estate Board.