Situated prominently on the southwest corner of Danforth Avenue and Gillard Avenue, this mixed use property of almost 9, 000 sf is priced at under 400.


Property

Website:https://www.nestseekers.com/5622565
Address:
Toronto E01 M4J 1N1
Canada
Ownership: For Sale
Type: Unknown

Financials

Price:C3,498,000
($2,462,700)
(€2,156,800)
Annual Taxes:C28,924

Description

Situated prominently on the southwest corner of Danforth Avenue and Gillard Avenue, this mixed-use property of almost 9,000 sf is priced at under $400.00 psf offering exceptional visibility and long-term upside in a rapidly evolving urban corridor. The building is configured with 10 residential units comprising a total of 28 bedrooms on the 2nd & 3rd floors and rear main floor accessed from 214 Gillard Ave, with ground-floor retail space along the Danforth frontage with steady pedestrian and vehicular traffic. While the property would benefit from updates, it presents a compelling value-add opportunity for investors seeking stable income with significant growth potential, or owner-operators to renovate, reposition, and customize the asset to suit their vision. The corner location offers flexibility for a variety of commercial uses including hospitality with patio potential. Located within the Greenwood Major Transit Area, the property stands to profit from ambitious intensification plans, including a proposed minimum density target nearly double the current population. 1363 - 1367 Danforth is a substantial corner property, on a major artery, and steps to a subway station offering an excellent opportunity for any Buyer.

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario