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298 Danforth Ave 4,813 SF 100% Leased Retail Building Toronto, ON M4K 1N6 $1,875,306 USD ($389.63 USD/SF) 4.23% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Meticulously upgraded commercial building nestled in Greektown's vibrant center
  • The property is currently 100% leased with approximately $108K of annual NOI with escalation.
  • With two fully renovated units, this property promises a hassle-free investment opportunity

EXECUTIVE SUMMARY

Meticulously upgraded commercial building nestled in Greektown's vibrant center. With two fully renovated units, this property promises a hassle-free investment opportunity. Boasting a new roof in 2021 and other upgrades. Two triple net leases, with escalations in place. Secure stable income and future growth potential in this prime location. 260 meters from Chester Subway Station! The property is currently 100% leased with approximately $108K of annual NOI with escalation.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,813 SF
Building Class
B
Year Built
1910
Price
$1,875,306 USD
Price Per SF
$389.63 USD
Cap Rate
4.23%
NOI
$79,395 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.06 AC
Zoning
CR 3.0 (c2.5; r2.5) SS2 - Commercial Residential District
Frontage
23’ on Danforth Ave

AMENITIES

  • Bus Line
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Second Cup Cafe
Tim Hortons
Starbucks
No Frills
Loblaw
RBC Royal Bank
CIBC
TD Canada Trust
Smoke's Poutinerie
Sobeys
  • Listing ID: 31181807

  • Date on Market: 3/11/2024

  • Last Updated:

  • Address: 298 Danforth Ave, Toronto, ON M4K 1N6

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