1299 Danforth Avenue
Greenwood-Coxwell, Toronto, M4J 1M8
FOR SALE
$2,450,000
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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.
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Property Features
Water Heater, Available
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Property Details
Address
1299 Danforth Avenue
Community
City
Postal Code
M4J 1M8
Property Type
Multiplex, Multiplex
Lot Size
17' x 100'
Taxes
$12,045 (2025
Basement
Finished, Walk-Up
Heat Type
Forced Air
Heat Source
Electric
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Realtron Realty Inc.
Spectacular 5 Unit Apartment Building In The Beautiful Cabbagetown. Gorgeous One Bedroom SuitesFeaturing Hardwood Floors & Updated Kitchens And Bathrooms. Large Windows Allow For AnAbundance Of Sunlight Throughout All Suites. Four Identical Units On First And Second FloorsWith Large One Bedroom In Basement. Extremely Well-Maintained Building With Attention To Care. Bring Your Top Investors, They Won't Want To Miss This!!! Extras: New Appliances (2012/2013), New Furnace (2012), New Stack (2012), New Washer/Dryer(2013), Rebuilt Balconies (2012). Roof Flashing Done In 2017. New/Updated Kitchens, New/UpdatedBathrooms.
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