1299 Danforth Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of Greenwood-Coxwell. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,450,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 6 Bathrooms with 5 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 17.48 x 100 ft lot
- Features a finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Water Heater
- equipped with wall unit(s) central cooling and highly efficient forced air heating via electric
Description
Welcome to 1299 and 1301 Danforth Ave .This corner property is a rare turnkey investment opportunity offering strong cash flow with great cap rate in one of Toronto's most vibrant and transit-oriented corridors, directly across from Toronto Subway Greenwood Station. Close to 400K spend in renovation during past recent year to upgrade and improve the building and property is currently in excellent shape without requiring any budget for improvement. This fully income-producing mixed-use property features a prominent ground-floor commercial space with basement level occupied by an established restaurant tenant, along with an additional private office area in the basement ideal for owner use, professional office space, or potential supplementary income. The property also includes four fully furnished residential apartments comprised of two bachelor suites and two one-bedroom units, all currently leased and generating stable rental income. An additional rooftop billboard lease provides bonus monthly income under a flexible month-to-month agreement. Surrounded by thriving retail, restaurants, parks, schools, and everyday amenities, this exceptional asset combines immediate income stability, future upside potential, and outstanding exposure in the heart of the Danforth.Please ask the listing agent for full financials.Recent upgrades :New roof,New Heat pumps,New professional hood for restaurant, updated bathrooms,Meters are currently not separated but fees have been paid to Hydro for separate meters to be installed.New Flat Roof 2023,New Windows 2024,New Balcony Roof 2026.Property has been updated and renovated based on City codes fro commercial property and is an ideal hassle free investment property.
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Property Summary
This multiplex located at 1299 Danforth Avenue, Toronto is currently for sale and has been available on SousaSells for 102 days. This property is listed at $2,450,000 with an estimated mortgage of $8,155* per month. It has 4 beds, 6 bathrooms, and is 2500-3000 square feet. 1299 Danforth Avenue, Toronto is in the Greenwood-Coxwell neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Greenwood-Coxwell, Toronto.
- •4 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •2500-3000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Greenwood-Coxwell, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1299 Danforth Avenue, Toronto, ON
Q.What is the asking price for 1299 Danforth Avenue, Toronto, ON ?
The current listing price for 1299 Danforth Avenue, Toronto, ON in Greenwood-Coxwell, Toronto is $2,450,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 6 bathrooms across approximately 2500-3000 sqft.
Q.What property type and architectural style is 1299 Danforth Avenue, Toronto, ON ?
1299 Danforth Avenue, Toronto, ON is a Multiplex (3-Storey) featuring a Finished, Walk-Up basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Wall Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Greenwood-Coxwell, Toronto
121 assaults (775.7/100k)
45 B&E (288.5/100k)
48 thefts (307.7/100k)
Elevated vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1299 Danforth Avenue, Toronto E01, ON M4J 1M8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $2,450,000 in Toronto, the legal minimum down payment is $490,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $47,725 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $47,725 also applies, bringing the total estimated land transfer taxes to $95,450.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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