$1,800,000 FOR SALE


Lot: 15.25 x 90 ftTotal Area: 3,600 ft2
2018 Taxes: $17,119.9

698 Danforth Ave
Toronto, ON M4J 1L1 | Danforth Village-East York

Great Investment On The Danforth And Greektown! Pharmacy (1 Retail) And Multiple Offices (2 On 2nd, 1 On Main, 1 Or 2 In Basement) With Income Of $115,776 Annually. Property Fully Leased. All Rents Inclusive. Rent Increase Of $5400 Next Year And $6,000 The Following Year. With 4.43% Cap (Maintenance 3%, Vacancy 2%) Currently & More In The Following Years! Equity Appreciation Of Approx Over 22% Annually For Last 4 Years*. So Much Future Upside!!!

Property Sold As-Is. Leases, Utility Bills, Taxes Info Provided With An Offers. No Survey. Do Not Go Direct!!! Current Tenants Are A Pharmacy Till Apr 2023, Bsmt & #102 Till Aug 2022, #201 Till Feb 2021, #202 Till Dec 2019-Negotiating Now.


MLS® Listing Number E4443462
Last Updated Oct 11, 2019
Property Summary
Property Type Investment
Category Retail
Legal Description Part Lot 1 & 2 Plan 1420(Midway) As In Ct357676
Occupancy Tenant
Possession Date T.B.D
Taxes (2018) $17,119.9
Tax Type Annual
Directions/Cross Streets E Of Pape, North Side
Community Danforth Village-East York
Area Toronto
Price History
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Detailed Information
Freestanding N
Bathrooms 5
Lot 15.25 x 90 ft
Retail Area 650 ft2
Office/Apt Area 1,700 ft2
Total Area 3,600 ft2
Air Conditioning Y
Basement Y
Garage Type None
Heat Type Gas Forced Air Closd
Gross Income/Sales $115,776
Insurance Expense $3,895
Operating Expenses $9,262
Taxes Expense $17,120
Year Expenses $2,018
Expenses Actual/Estimated Act
Area Influences Public Transit, Subways
Sprinklers N
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Cr 3.0 (C2.5; R2.5)
Seller Property Info Statement N

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.