582 Danforth Road, Toronto, ON M1K 1E3
Clairlea-Birchmount, Toronto · Near Kennedy & Danforth · View map
About this home
Welcome to 582 Danforth Rd. A rare opportunity to acquire a prominent corner-lot, mixed-use investment property in a high-exposure Danforth Rd 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.
The home
- Type
- Commercial retail
- Square footage
- 2616 sq ft
- Lot size
- 29.8 x 124.5 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Visitor
- Driveway spaces
- 1
- Total parking
- 1
Taxes & other
- Property taxes
- $10,379/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Kennedy & Danforth
- Neighbourhood
- Clairlea-Birchmount
More
- MLS® number
- E14097196
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No features listed yet.
- 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.
582 Danforth Road, Toronto, ON M1K 1E3
Clairlea-Birchmount, Toronto · Near Kennedy & Danforth
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Listing history for 582 Danforth Road
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 582 Danforth Road
Answers come straight from this home’s MLS® listing.
How much is 582 Danforth Road listed for, and what would it cost each month?
582 Danforth Road is listed for $1,199,000. With 20% down ($239,800), the mortgage payment would be roughly $4,836 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,701 a month, all in. That figure is an illustration, not a quote.
Is 582 Danforth Road freehold or a condo, and is there a monthly fee?
582 Danforth Road is a commercial retail in Clairlea-Birchmount, 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.
Does 582 Danforth Road have a garage and parking?
Yes. The listing shows the garage as visitor. The driveway adds 1 space. In total the listing counts 1 parking space.
What style of home is 582 Danforth Road?
582 Danforth Road is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 582 Danforth Road, and what is the lot size?
The lot is listed as 29.8 x 124.5 ft.
How is 582 Danforth Road heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 582 Danforth Road?
Property taxes are $10,379 a year (2026), or about $865 a month.
Where is 582 Danforth Road?
582 Danforth Road is in the Clairlea-Birchmount community of Toronto. The nearest main intersection is Kennedy & Danforth. The postal code is M1K 1E3.
Is 582 Danforth Road still for sale?
Yes. It is an active listing (MLS® E14097196). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 582 Danforth Road asking?
Similar properties for sale nearby right now include 303 - 777 Warden Avenue at $1,248,225, 101A & 102A - 777 Warden Avenue at $1,255,870 and 3541 St Clair Avenue E at $1,000,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 582 Danforth Road 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 582 Danforth Road?
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.
Similar properties nearby
More properties for sale near Clairlea-Birchmount, picked by style, size and price.
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Office$1,255,870101A & 102A - 777 Warden Avenue, TorontoClairlea-BirchmountCourtesy of: COLLIERSView home →
Store w apt / office$1,000,0003541 St Clair Avenue E, Toronto3 bath · Clairlea-BirchmountCourtesy of: RE/MAX REALTRON REALTY INC.View home →Courtesy of: UNION REALTY BROKERAGE 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.