1572 Queen Street, Toronto, ON
Greenwood-Coxwell, Toronto · MLS® E13156476
About this home
Prime East-End Toronto Corner Property - End-User Opportunity or Exceptional Redevelopment Potential Positioned on a highly visible, prestigious corner in Toronto's vibrant east end, this rare mixed-use offering presents a unique opportunity for investors, end users, and developers alike. Surrounded by a wave of new luxury condominium developments and just a short walk to the waterfront and Toronto's renowned Beaches, the location combines strong current income with outstanding future upside. The property features a well-established main floor commercial space currently operating as a convenience store, complemented by a spacious second-floor two-bedroom residential apartment. Both units are tenanted, providing immediate income stability while plans for repositioning or redevelopment are explored. The building includes a full-height basement with excellent access, offering additional storage or potential utility space. At the rear parking adds convenience and value-along with a detached freestanding shed structure that provides further flexibility for storage or ancillary use. Situated in a rapidly evolving neighbourhood with significant intensification, this high-profile corner lot is ideally suited for a variety of future uses, including boutique mixed-use redevelopment, upscale retail with residential above, or a long-term hold in one of Toronto's most desirable east-end corridors. Highlights: Prominent corner exposure with strong pedestrian and vehicular traffic Mixed-use building with commercial + residential income Large 2-bedroom apartment on the second floor Full-height basement with excellent access Rear parking + detached shed structure Steps to the Beaches, transit, and major amenities Surrounded by new luxury condo developments and neighbourhood growth. A rare chance to secure a cornerstone property in a thriving, high-demand community.
Key facts
- Property type
- Other, 2-Storey
- MLS®
- E13156476
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 1500-2000
- Lot
- 16.91 × 95 ft
- Cross streets
- Queen and Coxwell
- Parking
- 1 garage · 2 parking (detached)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $14,602 / 2025
- Days on market
- 64
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Listed at $1,599,000, and my independent estimate is about 19% above what comparable homes suggest.
In Greenwood-Coxwell lately, sellers get about 104% of asking; homes sell in ~20 days.
Total price vs nearby homes. Fair value about $1.35M, median of 35 comparables.
How this estimate is builtthe short version
I take the 35 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $3.11M, higher than the comparables and worth a second look.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Schools & getting aroundcatchment and transit
The assigned public school is Duke of Connaught Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($914/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 35 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 5% above the area average of $873/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Greenwood-Coxwell, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $1,279,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,826
- Property tax
- $1,217
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,043
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,455
- Toronto municipal land transfer tax
- $28,455
- Estimated closing costs
- $56,910
Plus your down payment of $319,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $409,577
- Principal paid down
- $162,906
- Interest paid
- $246,671
- Balance remaining
- $1,116,294
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.