Store W/Apt/Office for sale at 588 Danforth Avenue, Toronto, Ontario, M4K 1R1 - Playter Estates-Danforth - MLS: E13766972

new
for sale
for lease
sold
sold conditionally
leased
terminated
expired
suspended

588 Danforth Avenue

Toronto, Ontario, M4K 1R1 - Playter Estates-Danforth

$2,295,000

Neighbourhood

Playter Estates-Danforth
Major Intersection

West Of Pape Ave

Listed Since: 2 day(s)
Last update: today

Overview

Property Type

Store W/Apt/Office, Store With Apt/Office
Bedrooms

n/a
Bathrooms

5
Basement

Y
Kitchen

n/a
Total Parking

2
Lot Size

16x120 (Feet)
Taxes

$34,858.00 (2025)
Type

Commercial

Property Description

Property description for 588 Danforth Avenue, Toronto

Turn-key investment opportunity on Danforth Avenue, just one block west of Pape Avenue in the heart of Toronto's vibrant Danforth community. This fully renovated and extended three-level commercial building (with an approximately 37 ft addition completed in 2011) offers a stable, income-generating opportunity with excellent long-term tenants. The main floor features a franchise restaurant with a strong lease in place with 2 extensions, where the tenant pays for property taxes, insurance, utilities, and maintenance, with the owner covering a modest balance of approximately $1,000 per month. The upper level is occupied by reputable professional businesses, contributing to a polished, business-friendly atmosphere. The property has been upgraded throughout, including a 400 AMP / 3-phase hydro service with complete rewiring of the entire building, There are two separate heated basements each with its own washroom, individual electrical panels for each unit, a new plumbing system installed for the entire building with new APEX water lines, new fixtures & New Drains., new floor joists & subfloors on the entire second floor, with installed & insulated with fire proof & sound proof insulation. Additional highlights include two central air conditioning and heating systems (one per floor), a total of five washrooms, and two parking spaces at the rear. A truly turn-key property requiring no repairs, ideally suited for investors seeking a prime commercial asset in a high-traffic, high-visibility Danforth location.

Listed by RE/MAX REALTRON REALTY INC.

Property details

MLS #

E13766972
Sq. Ft

2700
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Outside/Surface
Total Parking

2
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Open
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

E13766972
Sq. Ft

2700
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Outside/Surface
Total Parking

2
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Open
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 588 Danforth Avenue, Toronto

This property has been sold 38 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Mortgage Calculator

This data is for informational purposes only.

Mortgage Payment per month
Principal Amount	Interest
Total Payable	Amortization

Property Price

Amortization

Rate of Interest

Down Payment ($)

Down Payment (%)

Closing Cost Calculator

This data is for informational purposes only.

Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Similar Homes for Sale

839-841 Gerrard Street

Toronto, Ontario, M4M 1Y8 - South Riverdale

4644 Sq Ft

$2,399,000

1299 Danforth Avenue

Toronto, Ontario, M4J 1M8 - Greenwood-Coxwell

3000 Sq Ft
4 Garage

$2,450,000

287 Coxwell Avenue

Toronto, Ontario, M4L 3B5 - Woodbine Corridor

3000 Sq Ft

$2,100,000