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298 Danforth Ave
Toronto, ON M4K 1N6
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Meticulously upgraded commercial building nestled in Greektown's vibrant center
- The property is currently 100% leased with approximately $108K of annual NOI with escalation.
- With two fully renovated units, this property promises a hassle-free investment opportunity
EXECUTIVE SUMMARY
Meticulously upgraded commercial building nestled in Greektown's vibrant center. With two fully renovated units, this property promises a hassle-free investment opportunity. Boasting a new roof in 2021 and other upgrades. Two triple net leases, with escalations in place. Secure stable income and future growth potential in this prime location. 260 meters from Chester Subway Station! The property is currently 100% leased with approximately $108K of annual NOI with escalation.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,813 SF
Building Class
B
Year Built
1910
Price
$2,600,000 CAD
Price Per SF
$540.20 CAD
Cap Rate
4.23%
NOI
$110,077 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.06 AC
Zoning
CR 3.0 (c2.5; r2.5) SS2 - Commercial Residential District
Frontage
23’ on Danforth Ave
AMENITIES
- Bus Line
1 of 7
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