298 Danforth Ave - Storefront Retail/Residential FOR SALE


Toronto, ON M4K 1N6- Playter Estates-Danforth
$2,900,000 CAD
416-955-0000
298 Danforth Ave, Toronto, ON for Sale
$2,900,000 CAD
Storefront Retail/Residential - FOR SALE
1/6
null | 3.72% Cap Rate

298 Danforth Ave
Toronto, ON M4K 1N6
Playter Estates-Danforth


HIGHLIGHTS

  • Meticulously upgraded commercial building nestled in Greektown's vibrant center
  • With two fully renovated units, this property promises a hassle-free investment opportunity
  • The property is currently 100% leased with approximately $108K of annual NOI with escalation.

OVERVIEW

Meticulously upgraded commercial building nestled in Greektown's vibrant center. With two fully renovated units, this property promises a hassle-free investment opportunity. Boasting a new roof in 2021 and other upgrades. Two triple net leases, with escalations in place. Secure stable income and future growth potential in this prime location. 260 meters from Chester Subway Station! The property is currently 100% leased with approximately $108K of annual NOI with escalation.

FOR SALE DETAILS

PRICE

$2,900,000 CAD

PRICE/SF

$603 CAD /SF

CAP RATE

3.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CR 3.0 (c2.5; r2.5) SS2

APN/PARCEL ID

190407539001300,190407539001400

ASK ABOUT THIS PROPERTY

MacLean TallisAvison YoungMore Info
416-955-0000

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MacLean TallisAvison YoungMore Info
416-955-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.