2004 Queen Street E

$3,275,000

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

Broker Flyer

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