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$1,600,000Asking Price

1656 Queen Street W, Toronto W01, ON M6R 1B2

Roncesvalles, Toronto

Multiplex
2
Bedrooms
1
Bath
2
Parking
Days on Market

Fully renovated mixed-use investment property. A rare opportunity to acquire a turn-key mixed-use building in the high demand Parkdale corridor of Queen Street West. This property has been fully renovated and modernized from top to bottom, providing a strong, low-maintenance investment with dual income streams. Investment Highlights - Main floor commercial unit: currently leased to a professional skin clinic, benefiting from high pedestrian and vehicle traffic along Queen West. Upper-level residential: spacious and fully renovated 2-bedroom + living room apartment, offering excellent rental income potential or live-work flexibility. Capital Improvements: complete renovation includes new mechanical, electrical, plumbing, cabinetry, and windows - significantly reducing future capital expenditures. Location Advantage: situated in one of Toronto's most dynamic neighbourhoods, steps to transit, retail, and a growing residential base that supports strong commercial tenancy. Key Features - entire building gut-renovated and fully updated; prime Queen St W exposure with strong tenant visibility; secure commercial and residential rental streams; low operating costs with all major systems recently upgraded; perfect for investors seeking a stabilized, turn-key asset in a thriving Toronto neighbourhood.

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Fully renovated mixed-use investment property. A rare opportunity to acquire a turn-key mixed-use building in the high demand Parkdale corridor of Queen Street West. This property has been fully renovated and modernized from top to bottom, providing a strong, low-maintenance investment with dual income streams. Investment Highlights - Main floor commercial unit: currently leased to a professional skin clinic, benefiting from high pedestrian and vehicle traffic along Queen West. Upper-level residential: spacious and fully renovated 2-bedroom + living room apartment, offering excellent rental income potential or live-work flexibility. Capital Improvements: complete renovation includes new mechanical, electrical, plumbing, cabinetry, and windows - significantly reducing future capital expenditures. Location Advantage: situated in one of Toronto's most dynamic neighbourhoods, steps to transit, retail, and a growing residential base that supports strong commercial tenancy. Key Features - entire building gut-renovated and fully updated; prime Queen St W exposure with strong tenant visibility; secure commercial and residential rental streams; low operating costs with all major systems recently upgraded; perfect for investors seeking a stabilized, turn-key asset in a thriving Toronto neighbourhood.

Key Info

  • 2-Storey Multiplex
  • 2 Parking
  • Carport
  • Queen & Roncesvalles
  • 1500-2000 Approximate Sq Feet
  • No Ensuite Laundry
  • Forced Air Gas Heating
  • Central Air

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $14,946 in 2025
  • Possession: TBD

Details

  • Brick Exterior
  • No Fireplace
  • 1 Kitchen
  •  
  • MLS #W12425002
  • PSR

Extras

Room Floor Dimensions Details
Washroom1 3-Piece Bathroom on Upper

Who lives here?

Roncesvalles, Toronto is a west Toronto neighbourhood notable for its singles, renters, university grads, executives and education, law & public sector and arts & culture professionals. Residents tend to be younger with a significant number of adults aged 30 to 54.

Families

Kids Per Family

1.0

kids per family
in the neighbourhood.

Toronto  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

51% of residents are
single and loving it.

51% singles

Toronto (50%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

57% of residents
are renters.

57% renters

Toronto (47%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

54% of residents are
university grads.

54% university grads

Toronto (48%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$117K

is the average household
income in the neighbourhood.

Toronto  ($132K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 14%
Culture 12%
Government 12%
Management 10%
Business 10%

Immigrants

30% of residents were
born outside of Canada.

30% immigrants

Toronto (48%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

India was once home to 2.8% of immigrants.
Poland 2.7%
Caribbean 1.9%
Portugal 1.9%
UK 1.9%

2.8% from India
All-time

Birthplace - Recent

India was once home to 0.5% of immigrants.
USA 0.3%
China 0.3%
UK 0.2%
Philippines 0.2%

0.5% from India
Recent

Foreign Languages

Foreign Languages

Polish 3%
Portuguese 3%
French 3%
Hungarian 2%
Spanish 2%

Religions

Religions

Christian 47%
Buddhist 4%
Muslim 2%
Jewish 2%
Hindu 2%

Social Housing

Social Housing Buildings

3

Social housing buildings
in the neighbourhood.

Gta Avg (5.19)

Shelters

Shelters

0

Homeless shelters in
the neighbourhood.

Gta Avg (0.54)