587 Danforth Road, Toronto, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Clairlea-Birchmount. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,650,000 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.
- 10 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 107.13 x 130 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 19.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- Efficient forced air heating via gas
Description
User/Investment Opportunity: Meticulously Maintained Multi-Plex in Desired corner Location. This property boasts an unbeatable location, with a TTC bus stop steps from your doorstep and close proximity to all amenities and downtown, offering immense appeal to tenants. The building features six residential units, comprising four 2-bedroom units and two 1-bedroom units. Each unit benefits from two separate access points, enhancing privacy and convenience. All units are currently occupied by month-to-month tenants, providing immediate income and flexibility for future strategies. Each unit includes a 3-piece washroom. A shared coin laundry facility adds an attractive amenity for residents and an additional income stream for the owner. Equipped with two furnaces with humidifiers (approx. 10 years old), four owned gas hot water tanks, two separate gas meters and separate hydro meters for each unit. Roof is approximately 12 years old. Some units are equipped with portable window air conditioning units. Ample exterior parking and 4-car detached garage. This property presents a compelling investment with an estimated annual gross income of $100,414.80 and an estimated annual expense of $27,553.00, with and estimated Net Operating Income (NOI) of 72,861.80.
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Property Summary
This multiplex located at 587 Danforth Road, Toronto is currently for sale and has been available on SousaSells for 92 days. This property is listed at $1,650,000 with an estimated mortgage of $5,492* per month. It has 10 beds, 6 bathrooms, and is 3500-5000 square feet. 587 Danforth Road, Toronto is in the Clairlea-Birchmount neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 10 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Clairlea-Birchmount, Toronto.
- •10 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •3500-5000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Clairlea-Birchmount, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Public Transit
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 587 Danforth Road, Toronto, ON
Q.What is the asking price for 587 Danforth Road, Toronto, ON ?
The current listing price for 587 Danforth Road, Toronto, ON in Clairlea-Birchmount, Toronto is $1,650,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 10 bedrooms and 6 bathrooms across approximately 3500-5000 sqft.
Q.What property type and architectural style is 587 Danforth Road, Toronto, ON ?
587 Danforth Road, Toronto, ON is a Multiplex (2-Storey) featuring a Apartment basement.
Q.What key property features does 587 Danforth Road, Toronto, ON offer?
Key property features include: Public Transit.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 19.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Clairlea-Birchmount, Toronto
371 assaults (1206.7/100k)
58 B&E (188.7/100k)
140 thefts (455.4/100k)
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 587 Danforth Road, Toronto E04, ON M1S 1P4
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 $1,650,000 in Toronto, the legal minimum down payment is $330,000 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 $29,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $29,475 also applies, bringing the total estimated land transfer taxes to $58,950.
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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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