1299 Danforth Avenue

Toronto E01, ON

3,000 sqft • Store W Apt/Office • 93 days on market

$2,450,000

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 26, 2026

Price History

Listing history

Property

Lot Size: 17.48 x 100 Feet

Location & Legal

Cross Street: Danforth Ave and Pape
Zoning: CR3
Parcel Number: 210330210
Possession: Flexible

Commercial

Occupancy: Tenant
Office / Apartment Area: 1800 Sq Ft Divisible

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

Commercial in Toronto E01 · last 12 months

Median sold price: $1,167,500
Homes sold: 692
Median days on market: 9
Sale-to-list price: 106.2%

Based on 692 recorded sales of commercial properties in Toronto E01 over the last 12 months.

Listed by

RE/MAX REALTRON REALTY INC.

Location

Commercial figures

Building area: 3,000 sq ft
Price per sq ft: $816.67
Annual property tax: $12,045
Tax per sq ft: $4.02

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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