Description

Prime Danforth Mixed-Use Investment Opportunity! Located just steps from the TTC, this property offers outstanding exposure along one of Toronto's busiest and most established commercial corridors. This extensively renovated 2-storey mixed-use property features a turnkey main-floor restaurant/bar space with premium leasehold improvements, upgraded mechanical systems and modern equipment, currently operating as a successful restaurant. The upper level includes two renovated residential apartments, creating valuable additional income and flexibility for investors. A full basement provides generous storage, preparation space and additional functionality. (id:66096)

Property Details

MLS®: E13726788
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: CR3(c2;r2.5*2219)
Lot Size: 1,989 sq ft
Frontage: 18 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $18,130.24/yr
Listed: 65 days ago

Market Timing

Days on market

65d

Toronto (Danforth) listings, avg age

43d

List price

$2.10M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This retail in Toronto (Danforth) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Area context

Neighbourhood profile (M4J)

This home lists at $2,100,000, about 22.6× the local median household income of $93,000.

Carrying it typically needs a household income of about $410,204 (20% down, 25-yr amortization, stress-tested) — roughly 341% above the area median.

Median household income: $93,000
Population: 35,128
Median age: 42
Owner / renter: 62% / 38%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA M4J)

$2,100,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

1236 Danforth Avenue, Toronto (Danforth) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M4J)

Book a showing

Need a commercial mortgage?