2004 Queen Street E

Call Listing Agent
Prime Beaches Mixed-Use Asset: Anchored by A&W with Long-Term Income, Renovated Retail, and Residential Opportunity

43.6702666, -79.2996595

Main Intersection
Woodbine Avenue & Queen Street E
Location
Toronto
Address

2004 Queen Street E
Toronto ON M4L 1J3
Canada

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Building Information

Overall Building Size
2,800 SF
Building Type
Retail, Residential
Zoning
CR - Commercial Residential Zone
Frontage
25.66 ft
Depth
120.00 ft
Parking
2 Spaces: 1 Commercial, 1 Residential
Property Highlights
  • Secure, predictable income: Anchored by A&W, one of Canada’s most recognized national QSR brands.
  • Lease in place with no rollover until 2036, providing long-term income certainty.
  • Includes two 5-year renewal options for added tenancy stability.

     

  • Premier Beaches location: Located in Toronto’s Beaches neighbourhood, one of the city’s most established and desirable areas.
  • Surrounded by a strong retail mix including national brands and top-performing independents.
  • Exceptional street frontage and high foot traffic support long-term tenant demand. 

     

  • Low risk, low management: Absolute NNN lease – tenant pays all property taxes, insurance, and maintenance.
  • Passive ownership structure

 

  • Renovated asset with build-to-suit addition: The property has been fully renovated, including a purpose-built rear addition for A&W.
  • Modernized layout and updated infrastructure reduce near-term capital requirements and support tenant retention.

     

  • Residential component: Includes an upper-level 2-bedroom apartment to be delivered vacant on closing.
  • Offers income diversification and future rental or repositioning flexibility.

 

  • Built-in income growth: Commercial lease includes contracted rent escalations, offering natural income growth and inflation protection.

 

  • Strong national covenant: A&W Restaurants operates 1,000+ locations across Canada.

     

  • Ideal for long-term investors: A highly secure, low-maintenance investment in a blue-chip Toronto location.
  • Combines credit tenancy, passive structure, and long-term neighbourhood value — ideal for capital preservation and steady income.

     

  • Flexible financing available: Vendor Take-Back (VTB) mortgage available to qualified purchasers.
Details

Taxes (2024): $27,708