Active
721 Danforth Ave
Toronto Ontario, M4J 1L2
$3,500,000
Active
Commercial
Investment Opportunity, A Combination Of Stable Income, The Potential For Capital Appreciation, And Strategic Positioning In A High-traffic Location With Promising Future Developments.** Commercial Unit: Approximately 1420 sqft With A Underground of approximately 789 sqft. It's Leased To a AAA Tenant, H&R Block, Providing A Stable Income Stream. ** Residential Apartments: There Are Four Updated Apartments, Each Approximately 700 sqft, Featuring One Bedroom Plus A Den And 1.5 Baths. The Separate Dens Offer Added Flexibility And Appeal To Tenants. All Units Are Separately Metered For Gas And Electricity, Reducing Administrative Overhead. The Property Includes Heating/AC And One Surface Parking Space For The Commercial Tenant, Enhancing Tenant Satisfaction And Convenience. The Proximity To Pape Subway Station Assures Long-Term Growth Potential For The Property, Especially Considering Its Role As A Future Hub Station Connecting Major Areas. Increased Demand In The Area & Higher Appreciation Due To The Proposed Development Project Just Across The Street. Close To Toronto's Top Restaurants And Bars Enhance The Property's Attractiveness To Both Tenants And Potential Future Buyers.
E8221132
MLSⓇ ID
May 9, 2024
Updated
Map
721 Danforth Ave
Toronto Ontario, M4J 1L2
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Y
Heating
Yes
Heating Description
Elec Forced Air
Exterior/Building Features
Lot Size
0.04 Acres
Other Property Details
Area Name
Blake-Jones
Taxes
$16,495
Tax Frequency
Annually
Garage
No
Parking
Lane
View
No
County
Ontario
Municipality
Toronto
Water Source
Municipal
Pool
No
Zoning
Commercial/Residential CR3(c2.5;r2.5)
Courtesy of Listed by , RE/MAX CONDOS PLUS CORPORATION,
Based on information from the Toronto Regional Real Estate Board. 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. Information is deemed reliable but is not guaranteed accurate.
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Data last updated 2:39 PM UTC, 5/9/2024