621B&C The Queensway N/A, Toronto W07

Price: $1,950,000

5 bedrooms, 3 bathrooms

2,000 - 2,499 sqft

Property Type: Townhouse

MLS#: W13861366

Rare Opportunity To Own A Commercial Storefront With A Very Spacious 3-Bedroom Apartment Above! The Upstairs Residential Tenant Is On A Month-To-Month Tenancy. The Main-Floor Commercial Lease Is Expiring Soon, Offering Potential For An End-User Or Owner-Operator, While The Existing Tenant May Be Willing To Stay. The Upper Level PERMIT APPROVED for A Live/Work Space, Or Two Residential Units, Subject To Applicable Zoning And Required Municipal Approvals. An Excellent Opportunity For Investment, Own Use, Or A Potential Business Transfer. Seller May Consider A Vendor Take-Back Mortgage (VTB), Subject To Buyer Qualification And Mutually Acceptable Terms.

621B&C The Queensway N/A - Townhouse photo 1 of 3 in Corso Italia / Dufferin Grove, Ontario
621B&C The Queensway N/A - Townhouse photo 2 of 3 in Corso Italia / Dufferin Grove, Ontario
621B&C The Queensway N/A - Townhouse photo 3 of 3 in Corso Italia / Dufferin Grove, Ontario
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$1,950,000 - 621B&C The Queensway N/A, Corso Italia

Townhouse for Sale in Corso Italia

New — Listed 2 days ago

Neighbourhood: Stonegate-Queensway

5Beds
3Baths
2,000 - 2,499Sq Ft
Townhouse

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Property Details
MLS Number
W13861366
Property Type
Townhouse
Status
active
Days on Site
2
Bedrooms
5
Bathrooms
3
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Corso Italia / Dufferin Grove
Taxes (2026)
$8,361
Listing Brokerage
RE/MAX IMPERIAL REALTY INC.
Description

Rare Opportunity To Own A Commercial Storefront With A Very Spacious 3-Bedroom Apartment Above! The Upstairs Residential Tenant Is On A Month-To-Month Tenancy. The Main-Floor Commercial Lease Is Expiring Soon, Offering Potential For An End-User Or Owner-Operator, While The Existing Tenant May Be Willing To Stay. The Upper Level PERMIT APPROVED for A Live/Work Space, Or Two Residential Units, Subject To Applicable Zoning And Required Municipal Approvals. An Excellent Opportunity For Investment, Own Use, Or A Potential Business Transfer. Seller May Consider A Vendor Take-Back Mortgage (VTB), Subject To Buyer Qualification And Mutually Acceptable Terms.

Mortgage Calculator

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Estimated Payment

$8,625.51/mo

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5-yr fixed avg.

Principal: $1,560,000Interest: $1,027,652
Mortgage Amount$1,560,000
Total Interest$1,027,652
Est. Property Tax$1,381/mo
Total Cost$2,587,652

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Stonegate-Queensway

Discover Stonegate-Queensway

Stonegate-Queensway is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Stonegate-Queensway

  • •Convenient location in Corso Italia / Dufferin Grove
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

Stonegate-Queensway offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

621B&C The Queensway N/A, Corso Italia / Dufferin Grove

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,730/mo
Range: $3,171 - $4,290
Cap Rate (ROI)
1.2%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,730
Maintenance Fees-$0
Property Tax (est.)-$1,381
Insurance (est.)-$406
Net Cash Flow+$1,943

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $975/sqft, this property is priced in line with current Corso Italia market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Just Listed - Act Strategically

This property hit the market within the last week. In Corso Italia's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Corso Italia have shown strong appreciation as families seek more space.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Corso Italia.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About Stonegate-Queensway

I know Stonegate-Queensway well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    MLS# W13861366 — 621B&C The Queensway N/A | Battaglia Team