1299 Danforth Avenue
Toronto E01, ON
- 4 bed
- 6 bath
- approx. 2500-3000 sqft
- Multiplex
- 107 days on market
Welcome to 1299 and 1301 Danforth Ave .This corner property is a rare turnkey investment opportunity offering strong cash flow with great cap rate in one of Toronto's most vibrant and transit-oriented corridors, directly across from Toronto Subway Greenwood Station. Close to 400K spend in renovation during past recent year to upgrade and improve the building and property is currently in excellent shape without requiring any budget for improvement. This fully income-producing mixed-use property features a prominent ground-floor commercial space with basement level occupied by an established restaurant tenant, along with an additional private office area in the basement ideal for owner use, professional office space, or potential supplementary income. The property also includes four fully furnished residential apartments comprised of two bachelor suites and two one-bedroom units, all currently leased and generating stable rental income. An additional rooftop billboard lease provides bonus monthly income under a flexible month-to-month agreement. Surrounded by thriving retail, restaurants, parks, schools, and everyday amenities, this exceptional asset combines immediate income stability, future upside potential, and outstanding exposure in the heart of the Danforth.Please ask the listing agent for full financials.Recent upgrades :New roof,New Heat pumps,New professional hood for restaurant, updated bathrooms,Meters are currently not separated but fees have been paid to Hydro for separate meters to be installed.New Flat Roof 2023,New Windows 2024,New Balcony Roof 2026.Property has been updated and renovated based on City codes fro commercial property and is an ideal hassle free investment property.
Listing Details
- Taxes (2025)
- $12,045
- Listed
- May 19, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Flat
- Foundation
- Unknown
- Interior
- Water Heater
- Lot Size
- 17.48 x 100 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Danforth & Greenwood
- Parcel Number
- 210330210
- Possession
- Flexible
- Occupancy
- Tenant
Schools
Secondary
- École secondaire Michelle-O'Bonsawin0.1 km
French public · CS Viamonde · 100 students
Grade 10 literacy: 100% met the provincial standard
- Greenwood Secondary School0.1 km
Public · Toronto DSB · 365 students
- School of Life Experience0.1 km
Public · Toronto DSB
Elementary
- École élémentaire Michelle-O'Bonsawin0.1 km
French public · CS Viamonde · 180 students
- École élémentaire La Mosaïque0.6 km
French public · CS Viamonde · 490 students
Grade 3 reading: 89% met the provincial standard · Grade 6 math: 85% met the provincial standard
- Wilkinson Junior Public School0.6 km
Public · Toronto DSB · 450 students
Grade 3 reading: 98% met the provincial standard · Grade 6 math: 61% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area M4J
- Population
- 35,128
- Private dwellings
- 15,338
- Median age
- 42
- Average household size
- 2.4
- Median household income
- $93,000
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
Residential Freehold in Toronto E01 · last 12 months
- Median sold price
- $1,180,000
- Homes sold
- 692
- Median days on market
- 9
- Sale-to-list price
- 106.2%
Based on 692 recorded sales of residential freehold properties in Toronto E01 over the last 12 months.
Listed by
RE/MAX REALTRON REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$490,000
Estimated Monthly Payment
$12,036
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $12,036/mo (20% down, 5.5%)
Taxes: $1,004/mo · Insurance: $613/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions This fully income-producing mixed-use property features a prominent ground-floor commercial space with basement level occupied by an established restaurant tenant, along with an additional private office area in the basement ideal for owner use, professional office space, or potential supplementary…. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?