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.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 2:39 PM UTC, 5/9/2024

 

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