For Sale: 1299 Danforth Avenue, Toronto, ON - REW
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$2,450,000
4 bd • 6 ba • 2500 - 3000 sf • House
1299 Danforth Avenue
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$2,450,000
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1299 Danforth AvenueToronto, ON, M4J 1M8

Greenwood-Coxwell
  • 4 Bed
  • 6 Bath
  • 2500 - 3000 Sqft
  • House

About this home

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.
Listed by: Hooman Bandarchi, Broker, RE/MAX REALTRON REALTY INC.

Home facts and features

Price details
List Price
$2,450,000
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Gross Taxes for 2025
$12,045
Home facts
Bedrooms
4
Full Bathrooms
6
Parking Spaces
4
Parking Details
Available
Property Type
House
Lot Size
17 ft x 100 ft (1748 ft²)
Depth
100.0
Frontage
17.48
Exterior Finish
Brick
Heating Type
Forced Air, Electric
Cooling
Wall Unit(s)
Basement Details
Finished, Walk-Up
Community
Agent details
Primary Agent
Primary Broker
RE/MAX REALTRON REALTY INC.
Listing details
Days on REW
19 Days
MLS® Number
E13142472
Source
Toronto Real Estate Board
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Property Insights

Greenwood School
  • Public
  • 9 - 12
St Patrick Catholic Secondary School
  • Catholic
  • 9 - 12
Madinah Islamic School
  • Private
  • JK - 8
É Élém La Mosaïque
  • Public
  • JK - 6
Wilkinson Junior Public School
  • Public
  • JK - 6
Subway Academy I
  • Public
  • 9 - 12
Monarch Park Collegiate Institute
  • Public
  • 9 - 12
Earl Haig Public School
  • Public
  • JK - 8
Earl Beatty Junior & Senior Public School
  • Public
  • JK - 8
R H McGregor Elementary School
  • Public
  • JK - 5
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker
Hooman Bandarchi
Phone:
(416) 488-2875
Office:
416-222-8600
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