Homula Realty Brokerage
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1185 Queensway E 8, Toronto, ON L4Y 1S1

Office
$1,200,000

Outstanding opportunity to own a high-exposure, partially finished commercial unit strategically located along busy Queensway Avenue. This ground-level property offers an excellent combination of visibility, functionality, and accessibility, making it suitable for a wide range of uses, including retail, professional offices, veterinary clinics, and other commercial businesses. The unit features an upgraded drive-in garage door, providing added convenience for deliveries, loading, and day-to-day business operations. Ample parking is available for both customers and staff. Ideally located just minutes from the QEW, Highway 403 and Highway427, the property offers excellent connectivity throughout the GTA. Currently rented to a studio business, this property presents an excellent opportunity for investors seeking rental income or future owner-users looking to secure their own commercial space in a highly visible, accessible, and desirable location.

MLS number
W13716440
Type
Office
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L4Y 1S1
Photos
25
Property tax
$9,744 / year
19days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

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.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

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

$240,000 · minimum here is $95,000
$5,313.34per month
Borrowed before insurance$960,000
Total borrowed$960,000
Interest over 25 years at 4.5%$634,002

If you rented it out

-$6,125.34per month out of pocket
Rent$0.00
Everything it costs to hold$6,125.34
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.

Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.