$2,295,000 Sale

Listed 32 days ago

588 Danforth Avenue

MLS® e13766972 Store W/Apt/Office

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Beds · 0

Baths · 5

Parking · -

Sqft · -

Est. mortgage

$8,707/mo

Property Taxes

$34,858/yr

Key Facts

Key facts for 588 Danforth Avenue

Property Type

Commercial

Parking

Outside/Surface

MLS #

E13766972

Size

Basement

Listed on

2026-09-09

Lot size

16 x 120.0

Tax

$34,858 /yr

Days on Market

Approximate Age

Maintenance Fee

Description

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 o...pportunity 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.

Full Property Details

General

Business Type

Retail Area

1353.00 Sq Ft

Office Area

1353.00 Sq Ft

Total Area

2700.00 Square Feet

Sprinklers

Yes

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Business Type

Retail Area

1353.00 Sq Ft

Office Area

1353.00 Sq Ft

Total Area

2700.00 Square Feet

Sprinklers

Yes

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Interior

Washrooms

Heating Fuel

Gas Forced Air Open

Air Conditioning

Yes

Washrooms

Heating Fuel

Gas Forced Air Open

Air Conditioning

Yes

Exterior

Depth

120.0

Front

16.0

Lot Size

16 x 120.0 ft

Parking Spaces

Total Parking Spaces

Parking Description

Outside/Surface

Garage Spaces

Zoning

Commercial

Depth

120.0

Front

16.0

Lot Size

16 x 120.0 ft

Parking Spaces

Total Parking Spaces

Parking Description

Outside/Surface

Garage Spaces

Zoning

Commercial

Building Description

Home Type

Commercial

Subtype

Store W/Apt/Office

Water Supply

Municipal

Possession Date

No Data

Home Type

Commercial

Subtype

Store W/Apt/Office

Water Supply

Municipal

Possession Date

No Data

Community

Playter Estates-Danforth

Community

Playter Estates-Danforth

Taxes & Fees

Taxes

$34,858 /yr

Tax Year

2025

Occupancy

Tenant

Taxes

$34,858 /yr

Tax Year

2025

Occupancy

Tenant

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Schott and Company

Email: [email protected] Cell: 416-577-1049