1367 Danforth Avenue Toronto, Ontario M4J 1N1

$3,498,000

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. (id:55460)

Business

Name	Full Address: 1363, 1365, 1367 Danforth Ave. & 214 Gillard Ave.

Property Details

MLS® Number	E13535786
Property Type	Retail
Community Name	Greenwood-Coxwell
Parking Space Total	3

Building

Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Size Interior	8,978 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	100 Ft
Size Frontage	46 Ft
Size Irregular	46 X 100 Ft
Size Total Text	46 X 100 Ft
Zoning Description	Lt 122, 121 Pl 463e; Pt Lt 120 Pl 463e Toronto

https://www.realtor.ca/real-estate/30003324/1367-danforth-avenue-toronto-greenwood-coxwell-greenwood-coxwell