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471 Danforth Avenue
North Riverdale
Toronto
M4K 1P1
$1,795,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- E13584812
- Photos (26)
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Greektown Gem - DANFORTH & LOGAN! Exceptional mixed-use opportunity in the heart of vibrant Greektown. This high-exposure property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio. The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage. Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout. The main level was rebuilt to the foundation with a new concrete subfloor and tile finish, creating a solid, modern commercial space ready for continued success. Both the main and lower levels benefit from upgraded infrastructure. Before being leased, the owner successfully operated a well-loved Thai restaurant from this location for nearly 20 years, highlighting the strength, visibility, and long-term potential of this established address. The lower level offers approximately 600 sq. ft. with high ceilings and five bathrooms, providing valuable additional space for staff use, customer convenience, storage, or future reconfiguration. Above the commercial unit is a bright and spacious, approx. 800 sq. ft. two-bedroom apartment, renovated in 2023 and currently leased for $2,250/month, creating valuable supplemental income. Whether you're an investor seeking a mixed-use property with revenue potential or an end user looking to operate your own business while benefiting from residential income above, this property offers exceptional flexibility and opportunity. Located in one of Toronto's most sought-after neighbourhoods, surrounded by strong foot traffic, transit, dining, and local amenities, this is a rare chance to secure a prime Greektown property with long-term upside. Opportunities like this don't come often you won't want to miss it.
- Property Type:
- Commercial
- Property Sub Type:
- Store W Apt/Office
- Freestanding:
- Yes
- Total Area:
- 2500 sq. ft. Square Feet
- Total Area:
- 2,500 sq. ft.232 m2
- Retail Area:
- 1200 sq. ft. Sq Ft
- Office/Apt Area:
- 800 sq. ft. Sq Ft
- Lot Depth:
- 102'31.1 m
- Lot Frontage:
- 14'4.27 m
- Bathrooms:
- 5.0
- Water supply:
- Municipal
- Zoning:
- CR3(c2.5;r2.5)*2426) Commercial/Residential
- Heating type:
- Gas Forced Air Closed
- Garage:
- None
- Possession Details:
- TBD
- HST Applicable To Sale Price:
- In Addition To
- Type Taxes:
- Annual
- Taxes:
- $24,352.32 / 2025
- Assessment:
- $- / -
- Toronto
- Toronto E01
- North Riverdale
- Public Transit, Subways
- No
- Heat Ventilation Air Conditioner. 16 ft. exhaust hood. Upstairs Apartment Appliances: Stove, fridge, washer, and dryer included.
- Amperage:
- 200
- Volts:
- 600
- Utilities:
- Yes
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Category:
- Store With Apt/Office
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Listed by KELLER WILLIAMS ADVANTAGE REALTY
Data was last updated August 30, 2026 at 04:15 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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