Historic Parkdale Gem for Investors

0:00It's April 18th, I'm Cory with the story, and this is Canada News today, your AI-powered local news. Picture this, a historic gem at 1-320 Queen Street West in Toronto's Parkdale neighborhood is hitting the market as a prime investment. Property. Built back in 1887 in classic Italian 8-style, this three-story building has seen it all from church to fire station, offices, and even a restaurant. Now fully rebuilt in 2024, it's a sleek, mixed-use spot with ground floor retail lease to Mary Brown's chicken and six residential units. Upstairs, all fully tentated for instant income. That restaurant was the famous French spot Shantikler, which called it home until a massive fire in 2019 gutted the place. Fire crews fought it for almost four hours, but the building bounced back stronger, transformed into modern rentals that screen boutique vibe with. House brick, high ceilings, big windows, and in-suite laundry. Parkdale's been blowing up over the last decade as one of Toronto's hottest west-in-hoods

1:02packed with indie shops, eateries, and creative energy. Demand for housing here stays strong, making spots like this a no-brainer for investors chasing steady returns and a vibrant community. The units mix it up with one studio, one one bedroom, and four two bedrooms, pulling in rents from around 5,500 bucks a month up. To 7,500 based on past listings, zoning perts even allow short-term rentals like Airbnb, giving you options for stable long-term cash or higher short-term pops. Listed at $5,999,999, this turnkey beauty is ready to roll, blending history with. Smart money moves in a neighborhood that's only getting hotter.