1299 Danforth Avenue
Greenwood-Coxwell, Toronto, M4J 1M8
$2,450,000
- 4 bedrooms
- 6 bathrooms
- 4 parking
- 2500-3000 sq ft
Listed 154 days ago · MLS® E13142472
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.
Details
- Type
- Multiplex
- Style
- 3-Storey
- Size
- 2500-3000 sq ft
- Lot
- 17.48 × 100 ft
- Basement
- Finished, Walk-Up
- Garage
- None
- Kitchens
- 5
- Property tax
- $12,045 (2025)
- Neighbourhood
- Greenwood-Coxwell
- Municipality
- Toronto E01
Interior
- Bedrooms
- 4 above ground
- Bathrooms
- 2 × 2-piece (basement), 2 × 3-piece (second), 2 × 3-piece (third)
- Rooms
- 12 above ground
- Family room or den
- No
- Fireplace
- No
- Features
- Water Heater
Heating, cooling and services
- Heating
- Forced Air, Electric
- Air conditioning
- Wall Unit(s)
- Water and sewer
- Sewer
Building and exterior
- Style
- 3-Storey
- Exterior
- Brick
- Roof
- Flat
- Faces
- South
Parking
- Total parking
- 4
- Driveway and parking
- Available
Lot
- Size
- 17.48 × 100 ft
More
- Possession
- TBD
- Cross street
- Danforth & Greenwood
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Very walkable
- 🚇 Kennedy Subway1.8 km
- 🚇 Ionview LRT2.4 km
- 🚆 Eglinton GO16 min walk
Within a 10-minute walk: 4 grocery stores, 17 cafés and restaurants, 5 parks, 6 pharmacies. Nearest grocery: West Indian Food Market (350 m). Nearest park: Trudelle Street Park (250 m).
Schools nearby
Elementary
- John McCrae Public School
EQAO: Gr 6 reading 70%, math 35%8 min walk - Knob Hill Public School
EQAO: Gr 6 reading 76%, math 36%10 min walk - Glen Ravine Junior Public School
EQAO: Gr 6 reading 86%, math 50%13 min walk - Walter Perry Junior Public School
EQAO: Gr 6 reading 77%, math 41%15 min walk
Secondary
- École secondaire catholique Père-Philippe-Lamarche French6 min walk
- St. Joan of Arc Catholic Academy Catholic · Private
EQAO: Gr 9 math 53%, literacy test 69%18 min walk - Charles Gordon Senior Public School1.4 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area M4J
- Owners / renters
- 62% / 38%
- Median household income
- $93,000
- Average age
- 42
- Children under 15
- 17%
- Homes
- 29% detached, 16% high-rise
- Commute by transit
- 30%
- Population
- 35,128
Languages spoken most at home besides English: Greek 3.2%, Yue (Cantonese) 2.5%, Mandarin 0.9%, Tagalog (Pilipino, Filipino) 0.7%.
Flood and conservation No mapped hazard
Not inside a mapped flood plain or regulated area.
Screening maps only. Ask the conservation authority for a property inquiry before relying on this.
Safety
Major crime per resident in Eglinton East (2025): about the Toronto average, about the same from the year before.
- Assaultabout average
- Break and enter21% below average
- Auto theftabout average
- Robberyabout average
- Theft from vehicles164% above average
- Shootings89% above average
Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).
Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.
Development nearby 1 active
-
2829 EGLINTON AVE E · 400 mSite Plan · Under Review · applied 2022Site Plan Approval for a proposed 13-storey mixed-use building having a non-residential gross floor area of 920 square metres, and a residential gross floor…Application details
-
2829 EGLINTON AVE E · 400 mOfficial Plan / Zoning By-law Amendment · Closed · applied 2022Rezoning for a proposed 14-storey mixed-use building having a non-residential gross floor area of 672 square metres, and a residential gross floor 14,559…Application details
-
2787 EGLINTON AVE E · 500 mPlan of Condominium · Closed · applied 2022Draft Plan of Condo Application 182 6 blocks of 4-storey stacked townhouses containing 182 residential units.Application details
Rezoning, site plan, subdivision and condominium applications filed with the city.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.
Living here
Commute
To Union Station (downtown Toronto): 15 km. Transit times · Driving times
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
What can be built RAC
Residential Apartment Commercial (with a site-specific exception).
From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.
Building permits
- Interior Alterations · 2016 · CancelledPrioposed interior alterations to mixed use building for additional two dwelling units to existing existing two dwelling units (total four…
4 permits on this block of the street in the last 2 years.
Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.
Trees
20 City street trees within 100 m. That’s fewer than the Toronto average of 42.
Trees on City boulevards only, not private yards or parks.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Short-term rentals
Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.
Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RE/MAX REALTRON REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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