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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

5 Baths

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Est. payment | -/mo

Save

5 Baths

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Municipality Toronto E01

Subdivision North Riverdale

MLS Listing ID E13036986

Annual Tax Amount $24,352

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

Greektown Gem - DANFORTH & LOGAN! Exceptional mixed-use opportunity in the heart of vibrant Greektown. This high-exposure property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio. The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage. Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout. The main level was rebuilt to the foundation with a new concrete subfloor and tile finish, creating a solid, modern commercial space ready for continued success. Both the main and lower levels benefit from upgraded infrastructure. Before being leased, the owner successfully operated a well-loved Thai restaurant from this location for nearly 20 years, highlighting the strength, visibility, and long-term potential of this established address. The lower level offers approximately 600 sq. ft. with high ceilings and five bathrooms, providing valuable additional space for staff use, customer convenience, storage, or future reconfiguration. Above the commercial unit is a bright and spacious, approx. 800 sq. ft. two-bedroom apartment, renovated in 2023 and currently leased for $2,250/month, creating valuable supplemental income. Whether you're an investor seeking a mixed-use property with revenue potential or an end user looking to operate your own business while benefiting from residential income above, this property offers exceptional flexibility and opportunity. Located in one of Toronto's most sought-after neighbourhoods, surrounded by strong foot traffic, transit, dining, and local amenities, this is a rare chance to secure a prime Greektown property with long-term upside. Opportunities like this don't come often you won't want to miss it.

Location

Province ON

County Toronto

Community Toronto E01

Area Toronto

Zoning CR3(c2.5;r2.5)*2426)

Interior

Cooling Yes

Inclusions Heat Ventilation Air Conditioner. 16 ft. exhaust hood. Upstairs Apartment Appliances: Stove, fridge, washer, and dryer included.

Exterior

Community Features Public Transit, Subways

Utilities Available Yes

Lot Frontage 14.0

Lot Depth 102.0

Others

Security Features No

ParcelsYN No

Listed by KELLER WILLIAMS ADVANTAGE REALTY

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+1(647) 493-3579

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471 Danforth AVE Toronto E01, ON M4K 1P1

Tony & Ledi Real Estate Team

Key Details

Location

Interior

Exterior

Others

471 Danforth AVE

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