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467 Danforth Ave 2,400 SF 100% Leased Retail Building Toronto, ON M4K 1P1 $1,314,770 USD ($547.82 USD/SF) 5% Cap Rate
Investment Highlights
- Access to public transit
- 1 Parking Spot
- Basement
- Residential apartment on the second floor with a sunroom
Executive Summary
Great investment opportunity in Greek Town! This two-storey building is located in a highly desirable location with lots of foot traffic and is only steps away from the subway station. The main floor features a commercial space of approximately 1200 sqft, a full basement and one parking spot. The second floor is a 2-bedroom apartment, approximately 1122 sqft in size, complete with a sunroom. The apartment pays for its own gas and hydro. **** EXTRAS **** Buyer to assume all Tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,400 SF
Building Class
C
Year Built
1913
Price
$1,314,770 USD
Price Per SF
$547.82 USD
Cap Rate
5%
NOI
$65,775 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.04 AC
Frontage
18’ on Danforth Ave
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (98)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
1 of 10
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467 Danforth Ave
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