582 Danforth Road
582 Danforth Road
$1,273,000
$487/sq ft · 50 days on market
About This Listing
Welcome to 582 Danforth Rd. A rare opportunity to acquire a prominent corner-lot, mixed-use investment property in a high-exposure Danforth Avenue location, offering an attractive 6.00% cap rate and multiple income streams. This well-maintained asset features three fully leased commercial units, one additional flexible-use/storage space, one newly renovated vacant two-bedroom residential apartment ready to be leased at market rent, billboard income, and on-site parking, providing immediate cash flow with excellent upside potential. Positioned in a high-visibility corridor with exceptional pedestrian and vehicle traffic, the property benefits from outstanding street presence and long-standing commercial tenancy. Recent capital improvements include extensive renovations, upgraded electrical service, a new HVAC system, and replacement of all flat roofs within the past five years, reducing future capital expenditures. Offering stable income today, immediate leasing upside, and future redevelopment potential, this is an exceptional opportunity for investors seeking a turnkey, income-producing asset in a prime Toronto location with long-term appreciation potential. Do not approach AAA existing tenants. Information only through listing agent & showings through LA only.
| Monthly Mortgage (P&I) | $5,546 |
| Property Tax (MLS) | $865 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $6,411 |
Down payment: $254,600 (20.0%) · Mortgage: $1,018,400
Property tax uses MLS annual tax of $10,379/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by UNION REALTY BROKERAGE INC.
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Data last updated: August 23, 2026 at 12:25 a.m.