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

    Est payment $11,765/mo
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    Views   1
    Time on Jump  8 day

    AI Summary *

    • Rare turnkey investment property with strong cash flow and high cap rate.
    • Prime location across from Toronto Subway Greenwood Station, offering excellent transit access.
    • Fully furnished residential apartments currently leased, providing stable rental income.
    • Ground-floor commercial space occupied by an established restaurant tenant.
    • Recent renovations enhance property condition, making it hassle-free for owners.




    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

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    Listing Agency:  RE/MAX REALTRON REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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