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$1,899,000

Est. payment - /mo

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5 Baths

Active

471 Danforth AVE Toronto E01, ON M4K 1P1

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Stephan Gauthier

stephan@gauthierhomes.com +1(613) 697-7771

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Municipality Toronto E01

Subdivision North Riverdale

MLS Listing ID E12461894

Annual Tax Amount $24,352

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

Greektown Gem - DANFORTH & LOGAN!! An exceptional opportunity in the heart of Greektown! This main floor restaurant (approx. 1,150 sq. ft.) currently seats 55 guests inside, plus a small patio, and features a generous approx. 300 sq. ft. kitchen with ample prep and organization space. Fully renovated in 2008, the property includes completely updated plumbing, electrical, and gas systems. The main level was stripped to the foundation, with a brand-new concrete subfloor and tile finish installed, ensuring a modern, turnkey space. Both main and lower levels boast fully updated infrastructure. The basement (approx. 545 sq. ft.) offers high ceilings and five bathrooms, providing flexibility for staff, customers, or future layout possibilities. Above, a spacious approx. 800 sq. ft. two-bedroom apartment (renovated 2023) is currently leased for $2,250/month, delivering stable rental income from day one. Located in a prime, high-exposure corner, opportunities like this in Toronto's most vibrant neighbourhoods are rare. Secure a worry-free investment with strong potential in Greektown!

Location

Province ON

County Toronto

Community North Riverdale

Area Toronto

Zoning CR3(c2.5;r2.5)*2426)

Interior

Cooling Yes

Inclusions Heat Ventilation Air Conditioner. 16 ft. exhaust hood. Apartment Appliances: Stove, fridge, washer, and dryer included. Upgraded Venting: Enhanced ventilation in the dining area is perfect for Korean BBQ or any concept requiring specialized dining venting.

Exterior

Community Features Public Transit, Subways

Utilities Available Yes

Lot Frontage 14.0

Lot Depth 102.0

Others

Security Features No

ParcelsYN No

Listed by KELLER WILLIAMS ADVANTAGE REALTY

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Stephan Gauthier

Team Lead / Broker

+1(613) 697-7771