$2,450,000
1299 Danforth Avenue, Toronto, ON M4J 1M8
Greenwood-Coxwell · Toronto · M4J 1M8
Listing brokerage: RE/MAX REALTRON REALTY INC.
- Beds
- 4
- Baths
- 6
- Sq ft
- 2500–3000
- Parking
- 4
Monthly costs
Property taxes
$1,004/mo
$12,045 a year (2025)
The home
- Lot size
- 17.5 × 100 ft
- Style
- 3-Storey
- Basement
- Finished, Walk-Up
- Parking
- 4 spots
- Faces
- South
- Heating · cooling
- Forced Air, Wall Unit(s)
- Possession
- TBD
About this home
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.
All details20 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 4
- Bathrooms
- 6
- Kitchens
- 5
- Rooms
- 12
- Size
- 2500-3000 sq ft
Features
- Water Heater
Heating & Cooling
- Heat source
- Electric
Parking
- Covered spaces
- 0
Features
- Available
Exterior & Lot
- Exterior
- Brick
- Roof
- Flat
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- In Addition To
Listing
- MLS® number
- E13142472
- Type
- Multiplex
- Transaction
- For Sale
- Neighbourhood
- Greenwood-Coxwell
- Cross streets
- Danforth & Greenwood
Rooms · 6Washroom ×6
2 × 2-piece washroom
Basement
2 × 3-piece washroom
Second
2 × 3-piece washroom
Third
History
Past listings and sales for this home and building.
Location
1299 Danforth Avenue, Toronto, ON M4J 1M8 · Near Danforth & Greenwood
Monthly cost
Estimated monthly cost
$11,852/mo
- Mortgage
- $10,848
- Property tax
- $1,004
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$587,794
$490,000 down + $97,794 to $99,044 in closing costs
- Ontario land transfer tax
- $47,725
- Toronto land transfer tax
- $47,725
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $594
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$2,450,000
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