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2177-2179 Danforth Ave 9,000 SF 100% Leased Retail Building Toronto, ON M4C 1K4 $3,550,000 CAD ($394.44 CAD/SF) 4.37% Cap Rate
Executive Summary
Newer built 3 story property, located 300 feet from Woodbine Subway station. The present zoning permits multiple stories development with reduced parking requirement.
Basements have 2 access and are 8 feet high. Can become vacant for redevelopment.
Basements have 2 access and are 8 feet high. Can become vacant for redevelopment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,000 SF
Building Class
C
Year Built/Renovated
1993/1995
Price
$3,550,000 CAD
Price Per SF
$394.44 CAD
Cap Rate
4.37%
NOI
$155,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.58
Lot Size
0.08 AC
Zoning
CR - Commercial Residential
Parking
4 Spaces (0.44 Spaces per 1,000 SF Leased)
Frontage
65’ on Danforth Ave
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 5
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2177-2179 Danforth Ave
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