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588 Danforth Ave 120 SF of Office Space Available in Toronto, ON M4K 1P7
Highlights
- Fully leased commercial property with long-term tenancies and multiple business uses.
- Two separate heated basements with washrooms and individual electrical panels.
- Comprehensive building upgrades, including 400 AMP/3-phase hydro and new plumbing.
- Located steps from Pape Subway Station on Toronto’s high-visibility Danforth Avenue.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 3 | 120 SF | 1-5 Years | $50.02 USD/SF/YR $4.17 USD/SF/MO $6,002 USD/YR $500.18 USD/MO | Full Service |
2nd Floor, Ste 3
- Rate includes utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 588 Danforth Ave, Toronto, ON M4K 1P7
- Tenant
- Description
- CAN Locations
- Reach
- No More Chores
- Public Administration
- 1
- -
- Smoke's Poutinerie
- Restaurant
- 42
- National
| Tenant | Description | CAN Locations | Reach |
| No More Chores | Public Administration | 1 | - |
| Smoke's Poutinerie | Restaurant | 42 | National |
Property Facts
| Total Space Available | 120 SF | Gross Leasable Area | 2,706 SF |
| Property Type | Retail | Year Built | 1911 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.74/1,000 SF |
| Total Space Available | 120 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 2,706 SF |
| Year Built | 1911 |
| Parking Ratio | 0.74/1,000 SF |
About the Property
Significant capital improvements underscore the property’s turnkey appeal: a 400 AMP, 3-phase electrical system powers the entire building, complemented by updated plumbing with APEX water lines, new drains, and enhanced fire- and sound-insulated flooring. Two separate heated basements with individual washrooms provide additional functional space, while dual HVAC systems ensure climate control throughout. Additional upgrades include rewiring, modern fixtures, and two dedicated rear parking spaces, maximizing accessibility in this high-traffic urban setting. Positioned within an iconic retail district celebrated for its diverse dining, boutique shopping, and direct TTC subway connectivity, 588 Danforth Avenue offers investors reliable income and long-term appreciation potential in one of Toronto’s most established commercial corridors.
- Air Conditioning
Nearby Major Retailers
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588 Danforth Ave
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