588 Danforth AVE new Save Request In-Person Tour Request Virtual Tour
Toronto E03,ON M4K 1R1
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $884
Subdivision Playter Estates-Danforth
MLS Listing ID E12469823
Annual Tax Amount $34,858
Tax Year 2025
Property Sub-Type Investment
Property Description
Turn-key investment opportunity on Danforth Avenue, just one block west of Pape Avenue in the heart of Toronto's vibrant Danforth community. This fully renovated and extended three-level commercial building (with an approximately 37 ft addition completed in 2011) offers a stable, income-generating opportunity with excellent long-term tenants. The main floor features a franchise restaurant with a strong lease in place with 2 extensions, where the tenant pays for property taxes, insurance, utilities, and maintenance, with the owner covering a modest balance of approximately $1,000 per month. The upper level is occupied by reputable professional businesses, contributing to a polished, business-friendly atmosphere. The property has been upgraded throughout, including a 400 AMP / 3-phase hydro service with complete rewiring of the entire building, There are two separate heated basements each with its own washroom, individual electrical panels for each unit, a new plumbing system installed for the entire building with new APEX water lines, new fixtures & New Drains., new floor joists & subfloors on the entire second floor, with installed & insulated with fire proof & sound proof insulation. Additional highlights include two central air conditioning and heating systems (one per floor), a total of five washrooms, and two parking spaces at the rear. A truly turn-key property requiring no repairs, ideally suited for investors seeking a prime commercial asset in a high-traffic, high-visibility Danforth location.
Location
Province ON
County Toronto
Community Playter Estates-Danforth
Area Toronto
Interior
Cooling Yes
Exterior
Community Features Public Transit,Subways
Utilities Available Yes
Lot Frontage 16.0
Lot Depth 120.0
Others
Security Features Yes
ParcelsYN No