$1,800,000 FOR SALE

Office

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!!!

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

Share

Listed By KELLER WILLIAMS REFERRED REALTY, Brokerage
MLS® Listing Number E4443481
Last Updated Oct 11, 2019
Property Summary
Property Type Office
Category Office
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
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

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
Elevator None
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

The listing data is provided under copyright by the Toronto Real Estate Board (TREB). All information is deemed reliable but is not guaranteed accurate by the TREB nor 411 and should be independently verified. No representations or warranties are made of any kind.
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.