Address
1299 Danforth Avenue, Toronto, ON
Price
$ 2,450,000

Your Agent

Sanjiv Khanna

Sales Representative

647-502-6375


Listing provided by Sanjiv Khanna, Sales Representative, Team Khanna

Property Attributes
  • MLS#E13142472
  • Type
  • Listing Status New
  • CityToronto
  • AreaGreenwood-Coxwell
  • NeighbourhoodGreenwood-Coxwell
  • Postal CodeM4J 1M8
  • Style3-Storey
  • Taxes$ 12045
  • Price$ 2,450,000
  • Bedrooms4
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage2500-3000
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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.

Price History
5/19/2026 Listed $2,450,000

General Features

Sewer Sewer
Cooling Wall Unit(s)
Roof Flat
Architectural Style 3-Storey
Pool Features None
Construction Materials Brick
Heater Type Forced Air
Property Subtype Multiplex
Tax Year 2025
Lot Depth 100.0
County Toronto
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction South
Garage Y/N No
Status New
City Toronto E01
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 12045.0
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 1 PL 724 MIDWAY PT 1,2 & 3,63R455; T/W & S/T CT6591; CITY OF TORONTO

Interior Features

Interior Amenities Water Heater
Basement Finished,Walk-Up
Heat Source Electric
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 4
Elevator? No
Total Baths 6
Bedrooms 4
Living Area Range 2500-3000

Exterior Features

Parking Features Available
Total Parking 4.0
Garage Type None
Foundation Details Unknown
Spa No
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Average in M4J 1M8

Price
AVG $2.45M
$2.45M
Taxes
AVG $12,045
$12,045
Visits
AVG 110
107
Data Provided by Inside Real Estate®

Your Agent

Sanjiv Khanna

Sales Representative

647-502-6375


Listing provided by Sanjiv Khanna, Sales Representative, Team Khanna

Listed By
RE/MAX REALTRON REALTY INC.

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