Salehian.com 647-325-5000

471 Danforth Avenue

North Riverdale, Toronto, M4K 1P1

$1,739,000

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  • 5 bathrooms

Listed 29 days ago · MLS® E13810512

About this home

Greektown Gem - DANFORTH & LOGAN! Exceptional mixed-use opportunity in the heart of vibrant Greektown. This high-exposure property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio. The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage. Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout. The main level was rebuilt to the foundation with a new concrete subfloor and tile finish, creating a solid, modern commercial space ready for continued success. Both the main and lower levels benefit from upgraded infrastructure. Before being leased, the owner successfully operated a well-loved Thai restaurant from this location for nearly 20 years, highlighting the strength, visibility, and long-term potential of this established address. The lower level offers approximately 600 sq. ft. with high ceilings and five bathrooms, providing valuable additional space for staff use, customer convenience, storage, or future reconfiguration. Above the commercial unit is a bright and spacious, approx. 800 sq. ft. two-bedroom apartment, renovated in 2023 and currently leased for $2,250/month, creating valuable supplemental income. Whether you're an investor seeking a mixed-use property with revenue potential or an end user looking to operate your own business while benefiting from residential income above, this property offers exceptional flexibility and opportunity. Located in one of Toronto's most sought-after neighbourhoods, surrounded by strong foot traffic, transit, dining, and local amenities, this is a rare chance to secure a prime Greektown property with long-term upside. Opportunities like this don't come often you won't want to miss it.

Details

Type
Store W Apt/Office
Lot
14 × 102 ft
Garage
None
Property tax
$24,352 (2025)
Neighbourhood
North Riverdale
Municipality
Toronto E01

Interior

Bathrooms
5 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
2,500 Square Feet

More

Possession
TBD
Cross street
Danforth and Logan

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

  • 🚇 Chester Subway3 min walk
  • 🚇 Pape Subway8 min walk
  • 🚆 Danforth GO4.1 km

Within a 10-minute walk: 11 grocery stores, 106 cafés and restaurants, 14 parks, 10 pharmacies. Nearest grocery: Fruitland Market (50 m). Nearest park: Alexander The Great Parkette (100 m).

Schools nearby

Elementary

  • Frankland Community School
    EQAO: Gr 6 reading 97%, math 52%    1 min walk
  • Holy Name Catholic School Catholic
    EQAO: Gr 6 reading 91%, math 69%    4 min walk
  • Jackman Avenue Junior Public School
    EQAO: Gr 6 reading 90%, math 55%    7 min walk
  • Withrow Avenue Junior Public School
    EQAO: Gr 6 reading 94%, math 62%    12 min walk

Secondary

  • Earl Grey Senior Public School12 min walk
  • Quest Alternative Senior School12 min walk
  • CALC Secondary School13 min walk

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 M4K

Owners / renters
45% / 55%
Median household income
$84,000
Average age
43
Children under 15
14%
Homes
16% detached, 35% high-rise
Commute by transit
31%
Population
30,913

Languages spoken most at home besides English: Greek 3%, Yue (Cantonese) 1.8%, Spanish 1%, Serbian 0.9%.

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 North Riverdale (2025): about the Toronto average, up 18% from the year before.

  • Assaultabout average
  • Break and enter55% above average
  • Auto theft53% below average
  • Robberyabout average
  • Theft from vehicles28% above average
  • Shootingsabout 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 3 active

  • 680 DANFORTH AVE · 500 m
    Site Plan · Under Review · applied 2024
    Site Plan Approval for the Pape Station as part of the Ontario Line Subway
    Application details
  • 654 DANFORTH AVE · 450 m
    Official Plan / Zoning By-law Amendment · Appeal Received · applied 2022
    The proposal is to construct a new 49-storey mixed-use building with three levels of underground parking. The ground level includes a shared residential and…
    Application details
  • 654-656 DANFORTH AVE · 450 m
    Site Plan · Under Review · applied 2022
    The proposal is to construct a new 49-storey mixed-use building with three levels of underground parking. The ground level includes a shared residential and…
    Application details
  • 60 BOWDEN ST · 350 m
    Site Plan · Closed · applied 2023
    Site Plan Approval for proposed eight-storey mass timber mixed use building, which will retain elements of the existing building. The proposal will consist a…
    Application details
  • 743 PAPE AVE · 450 m
    Site Plan · Closed · applied 2023
    The Ontario Line will include a station and interface with the existing TTC Pape Station. This Site Plan Review (SPR) package includes the interim…
    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): 4 km. Transit times · Driving times

Coming transit

  • 🚧 Pape 550 m
  • 🚧 Gerrard 1.3 km
  • 🚧 Cosburn 1.3 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

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 CR

Commercial Residential (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

No building permits at this address since 2014.

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

52 City street trees within 100 m. That’s about 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.

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 KELLER WILLIAMS ADVANTAGE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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