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588 Danforth Avenue
Playter Estates-Danforth
Toronto
M4K 1R1
$2,389,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- E12941870
- Photos (31)
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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.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- No
- Total Area:
- 2700 sq. ft. Square Feet
- Total Area:
- 2,700 sq. ft.251 m2
- Retail Area:
- 1353 sq. ft. Sq Ft
- Office/Apt Area:
- 1353 sq. ft. Sq Ft
- Lot Depth:
- 120'36.6 m
- Lot Frontage:
- 16'4.88 m
- Bathrooms:
- 5.0
- Water supply:
- Municipal
- Zoning:
- Commercial
- Heating type:
- Gas Forced Air Open
- Garage:
- Outside/Surface
- Parking Spaces:
- 2
- Possession Details:
- TBA
- HST Applicable To Sale Price:
- Included In
- Type Taxes:
- Annual
- Taxes:
- $34,858 / 2025
- Assessment:
- $- / -
- Toronto
- Toronto E03
- Playter Estates-Danforth
- Public Transit, Subways
- Yes
- Utilities:
- Yes
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Category:
- Retail
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Listed by RE/MAX REALTRON REALTY INC.
Data was last updated April 5, 2026 at 06:15 AM (UTC)
- Tanya Crepulja
- Keller Williams Real Estate Associates, Brokerage
- 647-293-3785
- tanya@tcteam.ca
- Steven Fontes
- Keller Williams Real Estate Associates, Brokerage
- 416-831-2161
- steve@tcteam.ca
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