1260 The Queensway, Toronto, ON M8Z 1S2
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.
- MLS number
- W13550506
- Type
- Commercial Retail
- Status
- Active
- Bedrooms
- —
- Bathrooms
- 6
- Postal code
- M8Z 1S2
- Photos
- 13
- Property tax
- $10,835 / year
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Commercial Retail
- Class
- Commercial
- Community
- Islington-City Centre West
- Municipality
- Toronto W08
- Cross street
- Kipling & Queensway
- Zoning
- Cr
Inside
- Bathrooms
- 6
- Washrooms
- 6
- Rooms
- 0
Parking
- Garage
- Lane
- Driveway spaces
- 1
Land
- Lot
- 19.83 × 98.39 feet
Heating, cooling and services
- Heating
- Gas Hot Water
- Cooling
- No
- Water
- Municipal
- Sewer
- Sanitary
Listing
- MLS number
- W13550506
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-07-08
- Expires
- 2026-12-31
- Taxes
- $10,835 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this property 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
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.
| School | Level | Distance | Rating |
|---|---|---|---|
| Holy Angels Catholic School Toronto CDSB | Elementary | 1.0 km | / 10 84% met the standard |
| Al-Ikhlaas Foundation School | Elementary and secondary | 994 m | Not reported |
| New Haven Learning Centre | Elementary and secondary | 1.4 km | Not reported |
| New Haven Learning Centre | Elementary and secondary | 1.3 km | Not reported |
| Norseman Junior Middle School Toronto DSB | Elementary | 1.6 km | / 10 77% 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
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 1,651 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35201667 — the few blocks around this address, home to 1,651 people. It describes the area, not this property.
Percentages are of the 1,250 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.
If you rented it out
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 — 5 still in progress.
The proposed redevelopment includes a 13-storey mixed-use building containing 175 purpose-built residential rental units with ground floor retail.…
City planning file →Revised Official Plan Amendment (OPA) application to redesignate the lands from Mixed Use Areas to Mixed Use Areas and Parks, add new Site and Area Specific Policies, and add three new planned but unbuilt roads.…
City planning file →To permit a mixed-use development on the Lands, in conformity with the Official Plan designation. The proposal will be completed in two phases with a 46-storey residential tower (Tower 1) located on the eastern portion of the Lands and a 35-storey residential …
City planning file →To permit a mixed-use development on the Lands, in conformity with the Official Plan designation. The proposal will be completed in two phases with a 46-storey residential tower (Tower 1) located on the eastern portion of the Lands and a 35-storey residential …
City planning file →Proposed amendments to the Official Plan and Etobicoke Zoning Code to permit the development of three residential apartments (26-, 34- and 43-storeys) on a 5-storey podium containing 1,166 residential units and approximately 505 square metres of retail gross f…
City planning file →Proposed amendment application permitting an increase in metric height, introduction of one additional residential storey, and the reallocation of visitor and resident parking spaces Site Plan Agreement 24 131338 WET 03 SA.
City planning file →The application proposes a Zoning By-law Amendment to permit an 11-storey mixed-use building with a total gross floor area (GFA) 11 630 square metres including an at-grade commercial GFA of 500 square metres and a floor space index (FSI) of 6.34.…
City planning file →Site Plan Application to permit an 11-storey mixed-use building containing 208 residential dwelling units, 340 square metres of at grade commercial retail space, and a private laneway with a public easement to the rear of the building.…
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.