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    For Sale - 588 Danforth Avenue, Toronto, Ontario

    Est payment $11,020/mo
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    Views   3
    Time on Jump  33 day

    AI Summary *

    • Turn-key investment opportunity in the vibrant Danforth community.
    • Fully renovated three-level building with long-term, reliable tenants.
    • Main floor features a strong franchise restaurant with stable lease.
    • Upgraded systems and separate heated basements with washrooms.
    • Two parking spaces available in a high-traffic location.




    Turn-key investment opportunity on danforth avenue, just one block west of pape avenue in the heart of toronto's vibrant danforth community. This fully renovated and extended three-level commercial building (with an approximately 37 ft addition completed in 2011) offers a stable, income-generating opportunity with excellent long-term tenants. The main floor features a franchise restaurant with a strong lease in place with 2 extensions, where the tenant pays for property taxes, insurance, utilities, and maintenance, with the owner covering a modest balance of approximately $1,000 per month. The upper level is occupied by reputable professional businesses, contributing to a polished, business-friendly atmosphere. The property has been upgraded throughout, including a 400 amp / 3-phase hydro service with complete rewiring of the entire building, there are two separate heated basements each with its own washroom, individual electrical panels for each unit, a new plumbing system installed for the entire building with new apex water lines, new fixtures & new drains., new floor joists & subfloors on the entire second floor, with installed & insulated with fire proof & sound proof insulation. Additional highlights include two central air conditioning and heating systems (one per floor), a total of five washrooms, and two parking spaces at the rear. A truly turn-key property requiring no repairs, ideally suited for investors seeking a prime commercial asset in a high-traffic, high-visibility danforth location.
    Listing IDE13766972
    Address588 Danforth Avenue
    CityToronto, Ontario
    Price$2,295,000
    Bath5 Full
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Public Transit, SubwaysBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Brokerage: 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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    588 Danforth Avenue
    Toronto , Ontario
    5 $2,295,000
    Get more info