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471 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01) : MLS®# E13036986

471 Danforth Avenue Toronto M4K 1P1 : North Riverdale

Main Photo: 471 Danforth Avenue in Toronto: North Riverdale Commercial for sale (Toronto E01)  : MLS®# E13036986banner
$1,849,000 /For Sale
Prop. Type:
Commercial
MLS® Num:
E13036986
Status:
Active
Greektown Gem - DANFORTH & LOGAN! Exceptional mixed-use opportunity in the heart of vibrant Greektown. This high-exposure corner property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio. The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage. Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout. The main level was rebuilt to the foundation with a new concrete subfloor and tile finish, creating a solid, modern commercial space ready for continued success. Both the main and lower levels benefit from upgraded infrastructure. Before being leased, the owner successfully operated a well-loved Thai restaurant from this location for nearly 20 years, highlighting the strength, visibility, and long-term potential of this established address. The lower level offers approximately 600 sq. ft. with high ceilings and five bathrooms, providing valuable additional space for staff use, customer convenience, storage, or future reconfiguration. Above the commercial unit is a bright and spacious, approx. 800 sq. ft. two-bedroom apartment, renovated in 2023 and currently leased for $2,250/month, creating valuable supplemental income. Whether you're an investor seeking a mixed-use property with revenue potential or an end user looking to operate your own business while benefiting from residential income above, this property offers exceptional flexibility and opportunity. Located in one of Toronto's most sought-after neighbourhoods, surrounded by strong foot traffic, transit, dining, and local amenities, this is a rare chance to secure a prime Greektown property with long-term upside. Opportunities like this don't come often you won't want to miss it.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
2500 sq. ft. Square Feet
Total Area:
Switch units of measure2,500 sq. ft.
Retail Area:
1200 sq. ft. Sq Ft
Office/Apt Area:
800 sq. ft. Sq Ft
Lot Depth:
Switch units of measure102'
Lot Frontage:
Switch units of measure14'
Bathrooms:
5.0
Water supply:
Municipal
Zoning:
CR3(c2.5;r2.5)*2426)
Heating type:
Gas Forced Air Closed
Garage:
None
Possession Details:
TBD
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$24,352.32 / 2025
Assessment:
$- / -
Toronto
Toronto E01
North Riverdale
Public Transit, Subways
No
Heat Ventilation Air Conditioner. 16 ft. exhaust hood. Upstairs Apartment Appliances: Stove, fridge, washer, and dryer included.
Amperage:
200
Volts:
600
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Multi-Use
Date Listed:
Apr 23, 2026
Original Price:
Previous Price:
Listed by KELLER WILLIAMS ADVANTAGE REALTY
Data was last updated April 23, 2026 at 07:15 PM (UTC)