Space
Finished area and layout
- Building Area
- 2,700 sqft
- Bathrooms
- 5
+26 more
5
Bathrooms
2,700 sqft
Building Area
16 x 120 ft
Lot
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- store w apt/office / Mixed Use
Lot
Land, frontage and setting
- Lot
- 16 x 120 ft
- Frontage
About This Property
This 5-bathroom store w apt/office in Toronto offers 2,700 sqft of building area on a 16 x 120 ft lot. The property has cross street West Of Pape Ave, zoned Commercial. The home features yes.
MLS Remarks
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.
Full Listing Details
Address588 Danforth Avenue, Toronto, ON M4K 1R1
MLS#E13766972
Listing StatusNew
Property TypeCommercial
Sub-TypeStore w apt/office
TransactionSale
List DateSep 9, 2026
Days on Market46
Annual Tax$34,858 (2025)
Possession DetailsTO BE ARRANGED
StyleMixed Use
Bathrooms5
CityToronto
NeighbourhoodPlayter Estates-Danforth
ProvinceOn
Postal CodeM4K 1R1
CountyToronto
Cross StreetWest Of Pape Ave
Frontage16 ft
Lot Depth120 ft
ZoningCommercial
Garage TypeOutside/Surface
CoolingYes
SecurityYes
UtilitiesYes
WaterMunicipal
Annual Tax$34,858 (2025)
West Of Pape Ave
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