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$1,273,000
Est. payment /mo
2,616 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,616 sqft
Price per Sqft $486
Municipality Toronto E04
Subdivision Clairlea-Birchmount
MLS Listing ID E13468194
Annual Tax Amount $10,379
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Welcome to 582 Danforth Rd. A rare opportunity to acquire a prominent corner-lot, mixed-use investment property in a high-exposure Danforth Avenue location, offering an attractive 6.00% cap rate and multiple income streams. This well-maintained asset features three fully leased commercial units, one additional flexible-use/storage space, one newly renovated vacant two-bedroom residential apartment ready to be leased at market rent, billboard income, and on-site parking, providing immediate cash flow with excellent upside potential. Positioned in a high-visibility corridor with exceptional pedestrian and vehicle traffic, the property benefits from outstanding street presence and long-standing commercial tenancy. Recent capital improvements include extensive renovations, upgraded electrical service, a new HVAC system, and replacement of all flat roofs within the past five years, reducing future capital expenditures. Offering stable income today, immediate leasing upside, and future redevelopment potential, this is an exceptional opportunity for investors seeking a turnkey, income-producing asset in a prime Toronto location with long-term appreciation potential. Do not approach AAA existing tenants. Information only through listing agent & showings through LA only.
Location
Province ON
County Toronto
Community Toronto E04
Area Toronto
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available None
Lot Frontage 29.81
Lot Depth 124.45
Others
Security Features No
ParcelsYN No
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Listed by UNION REALTY BROKERAGE INC.
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