1299 Danforth Avenue, Toronto, ON M4J 1M8, Toronto E01, ON
Bed 4
Bath 6
Welcome to 1299 and 1301 Danforth Ave .This corner property is a rare turnkey investment opportunity offering strong cash flow with great cap rate in one of Toronto's most vibrant and transit-oriented corridors, directly across from Toronto Subway Greenwood Station. Close to 400K spend in renovation during past recent year to upgrade and improve the building and property is currently in excellent shape without requiring any budget for improvement. This fully income-producing mixed-use property features a prominent ground-floor commercial space with basement level occupied by an established restaurant tenant, along with an additional private office area in the basement ideal for owner use, professional office space, or potential supplementary income. The property also includes four fully furnished residential apartments comprised of two bachelor suites and two one-bedroom units, all currently leased and generating stable rental income. An additional rooftop billboard lease provides bonus monthly income under a flexible month-to-month agreement. Surrounded by thriving retail, restaurants, parks, schools, and everyday amenities, this exceptional asset combines immediate income stability, future upside potential, and outstanding exposure in the heart of the Danforth.Please ask the listing agent for full financials.Recent upgrades :New roof,New Heat pumps,New professional hood for restaurant, updated bathrooms,Meters are currently not separated but fees have been paid to Hydro for separate meters to be installed.New Flat Roof 2023,New Windows 2024,New Balcony Roof 2026.Property has been updated and renovated based on City codes fro commercial property and is an ideal hassle free investment property.
Property Highlights
For Sale
MLS NO.
E13142472
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
4
Bathrooms
6
Parking
4.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E13142472
Living Area Range
2500-3000
Total Bedrooms
4
Bedrooms Above Grade
4
Total Bathrooms
6
Total Kitchens
5
Kitchens Above Grade
5
Rooms Above Grade
12
Interior Features
Water Heater
Fireplace
No
Central Vacuum Yn
No
Construction
Brick
Roof
Flat
Lot Width
17.48
Parking Features
Available
Parking Total
4.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
Wall Unit(s)
Heat Source
Electric
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
1299 Danforth Avenue, Toronto, ON M4J 1M8
City
Toronto E01
Neighbourhood
Greenwood-Coxwell
County / Region
Toronto
Province / State
ON
Postal Code
M4J 1M8
Cross Street
Danforth & Greenwood
Directions
Greenwood Subway Station
List Price
$2,450,000
Annual Taxes
$12,045
Tax Year
2025
Legal Description
PT LT 1 PL 724 MIDWAY PT 1, 2 & 3, 63R455; T/W & S/T CT6591; CITY OF TORONTO
Possession Type
Flexible
Possession Details
TBD
Listing Office
RE/MAX REALTRON REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-05-19T13:53:45Z
Media Updated
2026-05-26T12:40:43Z
Photos Updated
2026-05-26T12:40:43Z
Last Modified
2026-05-27T12:58:00Z
System Modified
2026-07-06T21:29:33.17404Z
MLS Status
New
Architectural Style
3-Storey
Basement
Finished, Walk-Up
Ddfyn
Yes
Expiration Date
2026-11-19
Foundation Details
Unknown
Heat Source Multi
Electric, Gas
Heat Type Multi
Forced Air
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
210330210
Parking Spaces
0
Public Remarks
Welcome to 1299 and 1301 Danforth Ave .This corner property is a rare turnkey investment opportunity offering strong cash flow with great cap rate in one of Toronto's most vibrant and transit-oriented corridors, directly across from Toronto Subway Greenwood Station. Close to 400K spend in renovation during past recent year to upgrade and improve the building and property is currently in excellent shape without requiring any budget for improvement. This fully income-producing mixed-use property features a prominent ground-floor commercial space with basement level occupied by an established restaurant tenant, along with an additional private office area in the basement ideal for owner use, professional office space, or potential supplementary income. The property also includes four fully furnished residential apartments comprised of two bachelor suites and two one-bedroom units, all currently leased and generating stable rental income. An additional rooftop billboard lease provides bonus monthly income under a flexible month-to-month agreement. Surrounded by thriving retail, restaurants, parks, schools, and everyday amenities, this exceptional asset combines immediate income stability, future upside potential, and outstanding exposure in the heart of the Danforth.Please ask the listing agent for full financials.Recent upgrades :New roof,New Heat pumps,New professional hood for restaurant, updated bathrooms,Meters are currently not separated but fees have been paid to Hydro for separate meters to be installed.New Flat Roof 2023,New Windows 2024,New Balcony Roof 2026.Property has been updated and renovated based on City codes fro commercial property and is an ideal hassle free investment property.
