1299 Danforth Avenue

Greenwood-Coxwell, Toronto, M4J 1M8

$2,450,000

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  • 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 m
    Site Plan · Under Review · applied 2022
    Site 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 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2022
    Rezoning 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 m
    Plan of Condominium · Closed · applied 2022
    Draft 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.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2016 · Cancelled
    Prioposed 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.

City rules

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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