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New3 hours ago

1394 Queen Street E

Greenwood-Coxwell, Toronto

$1,800,000

Detached|2 1/2 Storey
4 | 4 | 3
About this home

A Rare Queen Street East Opportunity! Spacious Family Home, Storefront & Separate One-Bedroom Apartment! Discover the possibilities at 1394 Queen Street East! This unique 2.5-storey, four-bedroom, four-bathroom residence combines generous family living with a street-facing storefront, a separate two-level, one-bedroom apartment and three-car laneway parking. An exceptional opportunity for those seeking a versatile property with potential for a live-work arrangement, extended family accommodation or potential additional income. The main residence welcomes you with a large foyer featuring built-in closets, while the main floor offers two bedrooms with flexibility for family, guests or a home office. The second floor features a bright and airy open-concept living and dining area, a separate den with a walkout to a balcony, and a convenient two-piece bathroom. The large kitchen offers plenty of space for cooking and gathering, with a walkout to an expansive deck complete with a BBQ area, hot tub and sitting space, perfect for entertaining or relaxing outdoors. The third floor offers a spacious primary retreat featuring a large bedroom, four-piece ensuite and walkout to an additional outdoor area with terrace potential. The basement provides room for an office or potential bedroom, plus a large storage area. At the rear, a separate two-level, one-bedroom apartment offers additional flexibility for extended family, guests or potential rental income. Facing Queen Street East, the storefront features its own two-piece bathroom and offers potential for a small business, studio or professional workspace. Steps to Leslieville, The Beaches, the waterfront trails, TTC, shops, restaurants and amenities along Queen St. this one is not to be missed!!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$11,019
Lot Size25 ft x 120 ft
mls© NumberE14031468
Listed ByTHE WEIR TEAM, BROKERAGE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,213
Property tax
$918
Heat allowance
$150
Housing costs
$10,281 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $360,000
25-yr amortization

Income needed

$316,000

gross annual household income

Payment at 4%
$7,575 / mo
Cash down
$360,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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