{"id":611965,"date":"2026-04-18T07:48:17","date_gmt":"2026-04-18T07:48:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/611965\/"},"modified":"2026-04-18T07:48:17","modified_gmt":"2026-04-18T07:48:17","slug":"toronto-building-damaged-by-huge-fire-was-completely-revamped-and-is-going-for-6m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/611965\/","title":{"rendered":"Toronto building damaged by huge fire was completely revamped and is going for $6M"},"content":{"rendered":"

If you’ve ever walked along Queen West in Parkdale, you’ve probably passed 1320 Queen St. W. without realizing just how much history is packed into that one address.<\/p>\n

Because while it’s now being marketed as a sleek, turnkey investment property, this building has lived a lot of lives.<\/p>\n

Originally built in 1887<\/a> in an Italianate style, the three-storey structure has served as everything from a church to a fire station to municipal offices to a restaurant over its nearly 140-year history.<\/p>\n

\"1320<\/p>\n

The exterior of the building.\u00a0<\/p>\n

Most famously, it housed the beloved French restaurant Chantecler<\/a>. Unfortunately, in 2019, a fire tore through the building, and crews battled the blaze for nearly four hours before bringing it under control.<\/p>\n

\"1320<\/p>\n

The kitchen in one of the units with exposed brick walls.\u00a0<\/p>\n

Chantecler has since relocated to Bloor St. W<\/a>, but 1320 Queen St. W is back,\u00a0and you’d never know it was completely gutted by a fire.
\"1320<\/p>\n

Wood panelled ceilings add warmth to the unit.\u00a0<\/p>\n

The property has been completely rebuilt into a brand-new (2024) mixed-use building that leans hard into modern, income-generating potential.<\/p>\n

\"1320<\/p>\n

The living room in one of the units.\u00a0<\/p>\n

Sitting on the north side of Queen Street West, right in the middle of one of Toronto’s most consistently in-demand neighbourhoods, the new version of 1320 Queen St. W\u00a0is less about history and more about cash flow.<\/p>\n

\"1320<\/p>\n

The view from the the front entrance of one of the apartments.\u00a0<\/p>\n

Inside, the building combines ground-floor retail space, which has been home to fast-food chain\u00a0Mary Brown’s Chicken,<\/a>\u00a0with six residential units above.<\/p>\n

\"1320<\/p>\n

Open concept living and dining areas.<\/p>\n

The units are all designed to attract tenants willing to pay a premium.<\/p>\n

\"1320<\/p>\n

A bedroom with exposed brick walls.\u00a0<\/p>\n

The unit mix includes a studio, a one-bedroom, and four two-bedroom suites \u2014 each with its own in-suite laundry and contemporary finishes that feel more boutique condo than typical rental.<\/p>\n

\"1320<\/p>\n

Big windows and high ceilings are featured in the units.\u00a0<\/p>\n

And unlike many investment properties that still need some work (or a lot of optimism), this one is being pitched as fully turnkey.<\/p>\n

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Another unit.\u00a0<\/p>\n

Currently, it’s fully tenanted, meaning the income starts on day one, not “eventually once you find renters.”<\/p>\n

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The ground-floor unit walks out to a back patio.\u00a0<\/p>\n

And based on past rental listings, units could be generating somewhere\u00a0between $5,500 a month<\/a>\u00a0and\u00a0$7,500<\/a>\u00a0a month<\/a>.\u00a0<\/p>\n

\"1320<\/p>\n

The contemporary kitchen in one of the units.\u00a0<\/p>\n

But what really makes this listing a catch is the flexibility. Thanks to zoning that allows for short-term rentals, there’s room here for multiple income strategies \u2014 whether that’s sticking with long-term tenants for stable cash flow or leaning into Airbnb-style rentals to potentially boost returns.<\/p>\n

\"1320<\/p>\n

The units have tons of character and lean into the hard loft vibes.\u00a0<\/p>\n

Of course, none of this comes as a surprise given the location. Parkdale has spent the last decade cementing itself as one of Toronto’s most dynamic west-end neighbourhoods \u2014 the kind of place where independent shops, restaurants, and creative spaces thrive, and where demand for housing rarely dips for long.<\/p>\n

\"1320<\/p>\n

The back patio of 1320 Queen St. W.\u00a0<\/p>\n

So while 1320 Queen St. W. might look like a shiny new investment on paper, it’s also a bit of a phoenix story \u2014 a building that’s been through just about everything, from civic service to fine dining to a devastating fire, and somehow keeps reinventing itself for the next chapter.<\/p>\n

\"1320<\/p>\n

The back of the building.\u00a0<\/p>\n

And now, that next chapter just happens to come with six rental units and a retail storefront. It is currently listed for $5,999,999<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"If you’ve ever walked along Queen West in Parkdale, you’ve probably passed 1320 Queen St. W. without realizing…\n","protected":false},"author":2,"featured_media":611966,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[230501,49,48,20529,33923,3302,26055],"class_list":{"0":"post-611965","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-toronto","8":"tag-230501","9":"tag-ca","10":"tag-canada","11":"tag-queen","12":"tag-street","13":"tag-toronto","14":"tag-west"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/611965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=611965"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/611965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/611966"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=611965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=611965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=611965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}