1299 Danforth Avenue, Toronto, ON M4J 1M8
Greenwood-Coxwell, Toronto · Near Danforth & Greenwood · View map
About this home
Welcome to 1299 and 1301 Danforth Ave .This corner property is a rare turnkey investment opportunity offering strong cash flow with great cap rate in one of Toronto's most vibrant and transit-oriented corridors, directly across from Toronto Subway Greenwood Station. Close to 400K spend in renovation during past recent year to upgrade and improve the building and property is currently in excellent shape without requiring any budget for improvement. This fully income-producing mixed-use property features a prominent ground-floor commercial space with basement level occupied by an established restaurant tenant, along with an additional private office area in the basement ideal for owner use, professional office space, or potential supplementary income. The property also includes four fully furnished residential apartments comprised of two bachelor suites and two one-bedroom units, all currently leased and generating stable rental income. An additional rooftop billboard lease provides bonus monthly income under a flexible month-to-month agreement. Surrounded by thriving retail, restaurants, parks, schools, and everyday amenities, this exceptional asset combines immediate income stability, future upside potential, and outstanding exposure in the heart of the Danforth.Please ask the listing agent for full financials.Recent upgrades :New roof,New Heat pumps,New professional hood for restaurant, updated bathrooms,Meters are currently not separated but fees have been paid to Hydro for separate meters to be installed.New Flat Roof 2023,New Windows 2024,New Balcony Roof 2026.Property has been updated and renovated based on City codes fro commercial property and is an ideal hassle free investment property.
The home
- Type
- Multiplex
- Style
- 3-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 4
- Bathrooms
- 6
- Kitchens
- 5
- Rooms
- 12
- Basement
- Finished, Walk-Up
- Lot size
- 17.5 x 100 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Forced Air
- Air conditioning
- Wall Unit(s)
- Fireplace
- No
Garage & parking
- Total parking
- 4
- Parking features
- Available
Taxes & other
- Property taxes
- $12,045/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Danforth & Greenwood
- Neighbourhood
- Greenwood-Coxwell
More
- Price per sq ft
- ~$891 (at 2,750 sq ft)
- MLS® number
- E13142472
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The home and its surroundings
- Water Heater
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1299 Danforth Avenue, Toronto, ON M4J 1M8
Greenwood-Coxwell, Toronto · Near Danforth & Greenwood
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Listing history for 1299 Danforth Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1299 Danforth Avenue
Answers come straight from this home’s MLS® listing.
How much is 1299 Danforth Avenue listed for, and what would it cost each month?
1299 Danforth Avenue is listed for $2,450,000. With 20% down ($490,000), the mortgage payment would be roughly $9,883 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $10,886 a month, all in. That figure is an illustration, not a quote.
Is 1299 Danforth Avenue freehold or a condo, and is there a monthly fee?
1299 Danforth Avenue is a multiplex in Greenwood-Coxwell, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 1299 Danforth Avenue have?
1299 Danforth Avenue has 4 bedrooms and 6 bathrooms. The listing gives the style as 3-storey.
Does 1299 Danforth Avenue have a garage and parking?
The listing does not show a garage. In total the listing counts 4 parking spaces.
Does 1299 Danforth Avenue have a finished basement?
The listing describes the basement as finished, walk-up. Finished basement space is usually not counted in the square footage shown.
What style of home is 1299 Danforth Avenue?
1299 Danforth Avenue is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 1299 Danforth Avenue, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 17.5 x 100 ft.
How is 1299 Danforth Avenue heated and cooled?
Heating is forced air (electric). Cooling is wall unit(s).
What are the property taxes for 1299 Danforth Avenue?
Property taxes are $12,045 a year (2025), or about $1,004 a month.
Where is 1299 Danforth Avenue?
1299 Danforth Avenue is in the Greenwood-Coxwell community of Toronto. The nearest main intersection is Danforth & Greenwood. The postal code is M4J 1M8.
Is 1299 Danforth Avenue still for sale?
Yes. It is an active listing (MLS® E13142472). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1299 Danforth Avenue asking?
Similar properties for sale nearby right now include 1299 Danforth Avenue at $2,450,000, 1349/1351 Queen Street E at $2,299,000 (5+5 bed) and 301 Rhodes Avenue at $2,499,919 (6+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1299 Danforth Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1299 Danforth Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Fourplex$2,499,919301 Rhodes Avenue, Toronto6+1 bed · 4 bath · Greenwood-CoxwellCourtesy of: FIRST CLASS REALTY INC.View home →Courtesy of: RE/MAX REALTRON REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.