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Tony & Ledi Real Estate Team

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

Est. payment | -/mo

4 Beds

6 Baths

Save

Est. payment | -/mo

Save

4 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Municipality Toronto E01

Subdivision Greenwood-Coxwell

MLS Listing ID E13142472

Style 3-Storey

Bedrooms 4

Annual Tax Amount $12,045

Tax Year 2025

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Toronto

Community Toronto E01

Area Toronto

Rooms

Family Room No

Basement Finished, Walk-Up

Kitchen 5

Interior

Interior Features Water Heater

Cooling Wall Unit(s)

Exterior

Parking Features Available

Pool None

Roof Type Flat

Lot Frontage 17.48

Lot Depth 100.0

Total Parking Spaces 4

Building

Foundation Unknown

Others

Senior Community No

ParcelsYN No

Listed by RE/MAX REALTRON REALTY INC.

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+1(647) 493-3579

info@tonyledi.com

CAN

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1299 Danforth AVE Toronto E01, ON M4J 1M8