890 Queen Street Toronto, Ontario

A two-storey, two-bedroom residence with a private rooftop terrace overlooking Trinity Bellwoods Park, paired with two commercial tenancies generating income against the cost of holding it. The residence sits above a 2019 steel-constructed, double-fire-rated building on Trinity Park Lane at the rear of the property. The interiors are Scandinavian in feel, while the private terrace offers unobstructed views over the park and CN Tower. The tenant is in the final year of the lease, with the residence becoming available for owner or investor occupancy as of July 31, 2027.The commercial income comes with it. The Queen Street frontage is a classic Toronto brownstone, occupied in its entirety by Pomme T.O, a L'Oréal/Kérastase flagship boutique. The rear building holds a commercial unit at grade, currently leased month-to-month, providing flexibility for its future use-whether maintained as income-producing commercial space, repositioned, or potentially converted to private parking/garage space, subject to approvals. Together, the two structures total approximately 4,200 sf and are interconnected on the first and second floors. Consider what the alternative buys. A condominium in this pocket delivers comparable living space, a monthly maintenance fee, no land and no income. Here, a private buyer owns the land and both buildings freehold, collects income across all three tenancies in the interim, and from July 2027 can take over the residence and its terrace overlooking the park while commercial rent continues to offset carrying costs. Positioned on Queen and Shaw among Aesop, Le Labo, Mother and Fable, this is a rare long-hold opportunity combining freehold ownership, income, flexible commercial use and an irreplaceable Trinity Bellwoods location. Also listed in the commercial category under MLS# . Please see that listing for additional detail. (id:4555)