ON > Toronto E03 > Playter Estates-Danforth
Toronto E03, ON M4K 1R1,588 Danforth AVE
See all 13 photos
Toronto E03, ON M4K 1R1,588 Danforth AVE
Toronto E03, ON M4K 1R1,588 Danforth AVE
Toronto E03, ON M4K 1R1,588 Danforth AVE
Toronto E03, ON M4K 1R1,588 Danforth AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
2
Jan
Sat
3
Jan
Sun
4
Jan
Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 2,389,000
Est. payment /mo
Save
Active

588 Danforth AVE Toronto E03, ON M4K 1R1

5 Baths

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Municipality Toronto E03

Subdivision Playter Estates-Danforth

MLS Listing ID E12469823

Annual Tax Amount $34,858

Tax Year 2025

Property Sub-Type Investment

Lot Depth 120.0

Lot Front 16.0

Property Description

Turn-key investment opportunity on Danforth Avenue, just one block west of Pape Avenue in the heart of Toronto's vibrant Danforth community. This fully renovated and extended three-level commercial building (with an approximately 37 ft addition completed in 2011) offers a stable, income-generating opportunity with excellent long-term tenants. The main floor features a franchise restaurant with a strong lease in place with 2 extensions, where the tenant pays for property taxes, insurance, utilities, and maintenance, with the owner covering a modest balance of approximately $1,000 per month. The upper level is occupied by reputable professional businesses, contributing to a polished, business-friendly atmosphere. The property has been upgraded throughout, including a 400 AMP / 3-phase hydro service with complete rewiring of the entire building, There are two separate heated basements each with its own washroom, individual electrical panels for each unit, a new plumbing system installed for the entire building with new APEX water lines, new fixtures & New Drains., new floor joists & subfloors on the entire second floor, with installed & insulated with fire proof & sound proof insulation. Additional highlights include two central air conditioning and heating systems (one per floor), a total of five washrooms, and two parking spaces at the rear. A truly turn-key property requiring no repairs, ideally suited for investors seeking a prime commercial asset in a high-traffic, high-visibility Danforth location.

Location

Province ON

County Toronto

Community Toronto E03

Area Toronto

Interior

Cooling Yes

Exterior

Community Features Public Transit, Subways

Utilities Available Yes

Lot Frontage 16.0

Lot Depth 120.0

Others

Security Features Yes

ParcelsYN No

Listed by RE/MAX REALTRON REALTY INC.
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Seymour Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

588 Danforth AVE

TORONTO NEIGHBOURHOODS
There are 30 quick searches