For Sale - 1299 Danforth Avenue Unit# 1299, Toronto, Ontario

Est payment $11,765/mo
Views   2
Time on Jump  124 day
  • Turnkey investment opportunity in a vibrant, transit-oriented area of Toronto.
  • Renovated property with no immediate budget required for improvements.
  • Mixed-use space with established restaurant tenant and private office area.
  • Four furnished residential apartments providing stable rental income.
  • Additional rooftop billboard lease for extra monthly income.



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.
Listing IDE13142472
Address1299 Danforth Avenue Unit# 1299
CityToronto, Ontario
Price$2,450,000
Bed / Bath4 / 6 Full
Style3-Storey, Multiplex
ConstructionBrick
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features Water HeaterOwnership FreeholdBasement Finished, Walk-UpFoundation UnknownHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer
Parking 4.00
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Listing Agency:  RE/MAX REALTRON REALTY INC.

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1299 Danforth Avenue Unit# 1299
Toronto , Ontario
4 6 $2,450,000
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