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1299 Danforth Avenue, Toronto E01, ON M4J 1M8

Greenwood-Coxwell · M4J 1M8

$2,450,000

MLS® #E13142472

4

Bedrooms

6

Bathrooms

2500-3000

Sq Ft

About This Property

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.

General Information

Property Type: Residential Freehold
Subtype: Multiplex
Transaction: For Sale
Architectural Style: 3-Storey
Status: Active

Building & Mechanicals

Foundation: Unknown
Construction: Brick
Heating: Forced Air
Heating Fuel: Electric
Cooling: Wall Unit(s)
Sewer: Sewer

Basement

Basement: Finished, Walk-Up

Parking & Garage

Total Parking: 4
Parking Spaces: 0
Garage Type: None
Parking Features: Available

Lot & Land

Frontage: 17.48'
Depth: 100'

Interior Features

Features

Water Heater

Pool

None

Taxes

Annual Tax: $12,045
Tax Year: 2025

Mortgage Calculator

Home Price

Down Payment %

Rate %

Amortization (years)

Estimated monthly payment

$12,036

Down payment: $490,000 · Loan: $1,960,000

Estimate only. Actual rates and payments vary by lender.

Listing Information

Last Updated: May 27, 2026

Listing courtesy of:

RE/MAX REALTRON REALTY INC.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: May 27, 2026.

Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.