471 Danforth Avenue
Toronto E01, ON
5 bath • 2,500 sqft • Store W Apt/Office • 80 days on market
Greektown Gem - DANFORTH & LOGAN! Exceptional mixed-use opportunity in the heart of vibrant Greektown. This high-exposure property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio. The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage. Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout. The main level was rebuilt to the foundation with a new concrete subfloor and tile finish, creating a solid, modern commercial space ready for continued success. Both the main and lower levels benefit from upgraded infrastructure. Before being leased, the owner successfully operated a well-loved Thai restaurant from this location for nearly 20 years, highlighting the strength, visibility, and long-term potential of this established address. The lower level offers approximately 600 sq. ft. with high ceilings and five bathrooms, providing valuable additional space for staff use, customer convenience, storage, or future reconfiguration. Above the commercial unit is a bright and spacious, approx. 800 sq. ft. two-bedroom apartment, renovated in 2023 and currently leased for $2,250/month, creating valuable supplemental income. Whether you're an investor seeking a mixed-use property with revenue potential or an end user looking to operate your own business while benefiting from residential income above, this property offers exceptional flexibility and opportunity. Located in one of Toronto's most sought-after neighbourhoods, surrounded by strong foot traffic, transit, dining, and local amenities, this is a rare chance to secure a prime Greektown property with long-term upside. Opportunities like this don't come often you won't want to miss it.
Listing Details
- Taxes (2025)
- $24,352
- Listed
- June 9, 2026
Price History
Listing history
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Property
- Lot Size
- 14 x 102 Feet
Location & Legal
- Cross Street
- Danforth and Logan
- Zoning
- CR3(c2.5;r2.5)*2426) Commercial/Residential
- Parcel Number
- 210630182
- Possession
- Other
Commercial
- Occupancy
- Tenant
- 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.
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
- 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
KELLER WILLIAMS ADVANTAGE REALTY
Location
Commercial figures
- Building area
- 2,500 sq ft
- Price per sq ft
- $718.00
- 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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