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E5418996
$3,389,000

588 Danforth Ave (Pape And Danforth)

Price: $3,389,000

Status: For Sale 

MLS®#: E5418996

$3,389,000
  • Tax: $3,550/Annual (2020)
  • Community:Playter Estates-Danforth
  • City:Toronto
  • Type:Commercial
  • Style:Commercial/Retail
  • Bath:5
  • Size: 2,706 Sq Ft
  • Basement:Y
  • Garage:Outside/Surface

Features:

  • HeatingGas Forced Air Closd
  • Sewer/Water SystemsSan+Storm, Municipal
  • Extra FeaturesStorage

Listing Contracted With: RE/MAX ULTIMATE REALTY INC., BROKERAGE

Description

Fully Tenanted Income Property On The Danforth Just Two Blocks West Of Pape Avenue, In The Heart Of Greektown On The Sunny North Side Of The Street. Very Successful Restaurant Business On The Main Floor, With 5 Small Office Spaces On The 2nd Level, Each With Their Own Access Points. Net Operating Income Over 100K In This All-Commercial Tenanted Building. Roof 2014, With All New Plumbing, Electrical, Joists, And More. Please Do Not Speak To Restaurant.


Highlights

All 6 Commercial Tenants Contribute To The Income. Addition Rents Cover The Municipal Taxes, Maintenance, And Insurance. 400-Amp Power Upgrade. All Commercial Units Have Their Own Electrical Panel. 5 Washrooms Total, With 2 Parking Spaces.

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The Al Sinclair Team

Sales Representatives

RE/MAX Hallmark Realty Ltd.