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588 Danforth Avenue in Toronto: Playter Estates-Danforth Commercial for sale (Toronto E03) : MLS®# E13766972

588 Danforth Avenue Toronto M4K 1R1 : Playter Estates-Danforth

store frontbanner
$2,295,000 /For Sale
Prop. Type:
Commercial
MLS® Num:
E13766972
Status:
Active
Turn-key investment opportunity on Danforth Avenue, just one block west of Pape Avenue in the heart of Toronto's vibrant Danforth community. This fully renovated and extended three-level commercial building (with an approximately 37 ft addition completed in 2011) offers a stable, income-generating opportunity with excellent long-term tenants. The main floor features a franchise restaurant with a strong lease in place with 2 extensions, where the tenant pays for property taxes, insurance, utilities, and maintenance, with the owner covering a modest balance of approximately $1,000 per month. The upper level is occupied by reputable professional businesses, contributing to a polished, business-friendly atmosphere. The property has been upgraded throughout, including a 400 AMP / 3-phase hydro service with complete rewiring of the entire building, There are two separate heated basements each with its own washroom, individual electrical panels for each unit, a new plumbing system installed for the entire building with new APEX water lines, new fixtures & New Drains., new floor joists & subfloors on the entire second floor, with installed & insulated with fire proof & sound proof insulation. Additional highlights include two central air conditioning and heating systems (one per floor), a total of five washrooms, and two parking spaces at the rear. A truly turn-key property requiring no repairs, ideally suited for investors seeking a prime commercial asset in a high-traffic, high-visibility Danforth location.
Property Type:
Commercial
Property Sub Type:
Store W Apt/Office
Freestanding:
No
Total Area:
2700 sq. ft. Square Feet
Total Area:
Switch units of measure2,700 sq. ft.
Retail Area:
1353 sq. ft. Sq Ft
Office/Apt Area:
1353 sq. ft. Sq Ft
Lot Depth:
Switch units of measure120'
Lot Frontage:
Switch units of measure16'
Bathrooms:
5.0
Water supply:
Municipal
Zoning:
Commercial
Heating type:
Gas Forced Air Open
Garage:
Outside/Surface
Parking Spaces:
2
Possession Details:
TO BE ARRANGED
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$34,858 / 2025
Assessment:
$- / -
Toronto
Toronto E03
Playter Estates-Danforth
Public Transit, Subways
Yes
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Store With Apt/Office
Date Listed:
Sep 10, 2026
Original Price:
Previous Price:
Listed by RE/MAX REALTRON REALTY INC.
Data was last updated September 10, 2026 at 10:15 PM (UTC)