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About the Listing 386500 -
Rare opportunity to make 240k annually and acquire a prime income-producing asset on Danforth Avenue offering strong, stable cash flow with redevelopment upside. This building is larger than you think with an addition at the back added years ago for additional rent making it a 3 story building. Fully occupied with quality tenants in place, this property features a ground-floor retail store with a two-bedroom apartment, two spacious legal two-bedroom apartments on the second floor, and one two-bedroom apartment on the third floor. All units are separately metered with tenants paying their own utilities, maximizing net income. Vacant possession is possible, providing flexibility for investors or future redevelopment. Steps to subway and GO Train stations. Located in a high-growth corridor surrounded by existing and planned developments along Danforth Avenue and Dawes Road. Income-producing redevelopment opportunities of this calibre are rarely offered for sale, making this an exceptional investment with immediate cash flow and long-term upside.
Listing Highlights
Status
Active
Days on Site
32
Property Type
Commercial Sale
MLS ®
E12738872
Year Built
Total Square Footage
5,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: No
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary
- Parking Features: Covered
Financial Details
- Tax Amount: $9,063
- Taxes w/Assessments: N/A
- Tax/Property ID: 104300423
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
2766 Danforth Ave Toronto, ON M4C 1L7
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