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    For Sale - 721 Danforth Avenue, Toronto, Ontario

    Est payment $9,603/mo
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    Views   3
    Time on Jump  7 day

    AI Summary *

    • Commercial unit leased to a reliable AAA tenant for stable income.
    • Four newer residential apartments with 1 bedroom plus den and 1.5 baths.
    • Units are separately metered for gas and electricity, minimizing costs.
    • Prime location near Pape Subway Station for long-term growth potential.
    • Close to top restaurants and bars, enhancing tenant desirability.




    We are excited to present this exceptional investment opportunity, featuring a commercial unit of approximately 1,420 sqft, complemented by an underground space of about 789 sqft, currently leased to a aaa tenant, ensuring a stable income stream. Additionally, there are four newer residential apartments, each around 700 sqft, boasting one bedroom plus a den and 1. 5 baths, with the separate dens providing added flexibility and appeal, which enhances tenant desirability. All units are separately metered for gas and electricity, significantly reducing administrative costs. The property includes heating and ac, along with one surface parking space dedicated to the commercial tenant, ensuring convenience and satisfaction. Its prime location near pape subway station positions the property for long-term growth, particularly with its future hub status connecting major areas. The increased demand in the region, coupled with the proposed development project across the street, further enhances appreciation potential. Lastly, close proximity to toronto's finest restaurants and bars adds to the property's appeal, making it attractive to both current tenants and prospective buyers. This opportunity combines solid investment fundamentals with the promise of future growth, so dont miss your chance to capitalize on this prime asset in a thriving area!
    Listing IDE13474978
    Address721 Danforth Avenue
    CityToronto, Ontario
    Price$1,999,900
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Electric Forced Air

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    Listing Agency:  RE/MAX CONDOS PLUS CORPORATION

    * 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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    721 Danforth Avenue
    Toronto , Ontario
    $1,999,900
    Get more info