471 Danforth Avenue

Toronto E01, ON

5 bath
2,500 sqft
Commercial Retail
183 days on market

$1,849,000

Greektown Gem - DANFORTH & LOGAN!! An exceptional opportunity in the heart of Greektown! This main floor restaurant (approx. 1,150 sq. ft.) currently seats 55 guests inside, plus a small patio, and features a generous approx. 300 sq. ft. kitchen with ample prep and organization space. Fully renovated in 2008, the property includes completely updated plumbing, electrical, and gas systems. The main level was stripped to the foundation, with a brand-new concrete subfloor and tile finish installed, ensuring a modern, turnkey space. Both main and lower levels boast fully updated infrastructure. The basement (approx. 545 sq. ft.) offers high ceilings and five bathrooms, providing flexibility for staff, customers, or future layout possibilities. Above, a spacious approx. 800 sq. ft. two-bedroom apartment (renovated 2023) is currently leased for $2,250/month, delivering stable rental income from day one. Located in a prime, high-exposure corner, opportunities like this in Toronto's most vibrant neighbourhoods are rare. Secure a worry-free investment with strong potential in Greektown!

Listing Details

Taxes (2025): $24,352
Listed: March 2, 2026

Price History

Listing history

Property

Lot Size: 14 x 102 Feet

Parking

Garage: None

Location & Legal

Cross Street: Danforth and Logan
Zoning: CR3(c2.5;r2.5)*2426)
Parcel Number: 210630182
Possession: Flexible
Occupancy: Tenant

Commercial

Office / Apartment Area: 800 Sq Ft

Included

Inclusions: Heat Ventilation Air Conditioner. 16 ft. exhaust hood. Upstairs Apartment Appliances: Stove, fridge, washer, and dryer included.
Rental Items: Hot Water Tank

Community

Postal area M4K

Population: 30,913
Private dwellings: 15,139
Median age: 43.2
Average household size: 2.2
Median household income: $84,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Toronto E01 · last 12 months

Median sold price: $1,167,500
Homes sold: 690
Median days on market: 9
Sale-to-list price: 106.2%

Based on 690 recorded sales of commercial properties in Toronto E01 over the last 12 months.

Listed by

KELLER WILLIAMS ADVANTAGE REALTY

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 2,500 sq ft
Price per sq ft: $739.60
Annual property tax: $24,352
Tax per sq ft: $9.74

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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