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$ 2,450,000
Est. payment /mo
New
1301 Danforth AVE #1299 Toronto E01, ON M4J 1M8
4 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Municipality Toronto E01
Subdivision Greenwood-Coxwell
MLS Listing ID E13142472
Style 3-Storey
Bedrooms 4
Annual Tax Amount $12,045
Tax Year 2025
Property Sub-Type Multiplex
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 seprated but fees have been paid to Hydro for separate meters to be installed.
Location
Province ON
County Toronto
Community Toronto E01
Area Toronto
Rooms
Family Room No
Basement Finished, Walk-Up
Kitchen 5
Interior
Interior Features Water Heater
Cooling Wall Unit(s)
Fireplace No
Heat Source Electric
Exterior
Parking Features Available
Pool None
Roof Type Flat
Lot Frontage 17.48
Lot Depth 100.0
Total Parking Spaces 4
Building
Foundation Unknown
Others
ParcelsYN No
Listed by RE/MAX REALTRON REALTY INC.