588 Danforth Ave Toronto, ON
$ 3,389,000
Property Attributes
  • MLS#E5418996
  • TypeCommercial
  • CityToronto
  • AreaPlayter Estates-Danforth
  • NeighbourhoodToronto E03
  • Postal CodeM4K 1R1
  • StyleHospitality/Food Related
  • Taxes$ 3550
  • Price$ 3,389,000
  • Bedrooms0
  • Full Bathrooms5
  • Half Bathrooms0
Listing Provided Courtesy Of:
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

Fully Tenanted Income Property On The Danforth Just Two Blocks West Of Pape Avenue, In The Heart Of Greektown On The Sunny North Side Of The Street. Very Successful Restaurant Business On The Main Floor, With 5 Small Office Spaces On The 2nd Level, Each With Their Own Access Points. Net Operating Income Over 100K In This All-Commercial Tenanted Building. Roof 2014, With All New Plumbing, Electrical, Joists, And More. Please Do Not Speak To Restaurant.

Price History
11/1/2021 Listed $3,389,000

General Features

Area Toronto
Basement Yes
Category Multi-Use
Chattels No
Community Playter Estates-Danforth
Crane No
Extras All 6 Commercial Tenants Contribute To The Income. Addition Rents Cover The Municipal Taxes, Maintenance
Franchise No
Heater Type Gas Forced Air Closd
Legal Description Pt Lt 8 Pl 1152 Toronto (Midway) Ct278479
Lot Depth 120.00
Municipality Toronto
Parking Spaces 2
Property Sub Type Commercial/Retail
Sprinklers Part
Status A
Survey No
Tax Year 2020
Taxes 3550.00
Utilities A
Water Municipal
Zoning C R 3 ( C 2 . 5 ; R 2 . 5 * 2 4 2 6 )

Interior Features

A/C Yes
Washrooms 5

Exterior Features

Freestanding No
Garage Type Outside/Surface
Rail No
Sewers San+Storm
Soiltest No


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M4K 1R1

AVG $3.39M
AVG $3,550
AVG 68
AVG 68
Data Provided by Walkscore ® not using MLS data

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