1359 Danforth Avenue, Toronto E01, ON M4J 1N1

Open your real estate portfolio to this opportunity of owning this 3-Storey Commercial Building in the gentrifying Danforth Corridor! Located just steps away from Greenwood Subway Station! Great cafés, restaurants and other businesses in the area! Potential market rents could be $9,750/month with a cap rate of 6.52%. AMAZING OPPORTUNITY FOR DEVELOPMENT!!!…. The corner building that is to the left of 1359 Danforth Ave is also for sale! Combine both buildings for a total of 68ft x 100ft on a corner block! Future Ontario Line and new condo developments are changing the landscape in this area. This building is 19ft x100ft and has a retail space of 871 Sq Ft with about 16 ft retail store glass frontage and high ceilings! Plus, another 879 Sq Ft in the basement with a separate rear access! The existing tenants occupy the main floor retail, basement + 2nd Floor apartment. The 2nd set of tenants occupy the 3rd Floor apartment. Both the 2nd Floor apartment and 3rd Floor apartment have a similar footprint of 814 Sq Ft each! They both have: Front and rear access! Great sized 2 bed + den! Family room! Kitchen! 4-pc Bath! Walkout balcony! All apartments are self contained with (3) separate hydro meters and (3) water tanks! 2 surface parking spots at rear lane! Don’t miss this rare opportunity to own a great investment in this fabulous central location! Too much to mention!!!…Click ‘Virtual Tour’ button!

Details

MLS® Number
E12100756

Bathrooms
3

Property Size
3378 Sqft