Greektown Gem - DANFORTH & LOGAN! Exceptional mixed-use opportunity in the heart of vibrant Greektown. This high-exposure property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio. The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage. Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout. The main level was rebuilt to the foundation with a new concrete subfloor and tile finish, creating a solid, modern commercial space ready for continued success. Both the main and lower levels benefit from upgraded infrastructure. Before being leased, the owner successfully operated a well-loved Thai restaurant from this location for nearly 20 years, highlighting the strength, visibility, and long-term potential of this established address. The lower level offers approximately 600 sq. ft. with high ceilings and five bathrooms, providing valuable additional space for staff use, customer convenience, storage, or future reconfiguration. Above the commercial unit is a bright and spacious, approx. 800 sq. ft. two-bedroom apartment, renovated in 2023 and currently leased for $2,250/month, creating valuable supplemental income. Whether you're an investor seeking a mixed-use property with revenue potential or an end user looking to operate your own business while benefiting from residential income above, this property offers exceptional flexibility and opportunity. Located in one of Toronto's most sought-after neighbourhoods, surrounded by strong foot traffic, transit, dining, and local amenities, this is a rare chance to secure a prime Greektown property with long-term upside. Opportunities like this don't come often you won't want to miss it.
Address
471 Danforth Avenue
List Price
$1,795,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Toronto E01
Sub-Area
North Riverdale
Region
Toronto
Bathrooms
5
Lot Size Source
MPAC
Lot Depth
102
Lot Type
Lot
Lot Size Units
Feet
Lot Width
14
Parcel Number
210630182
Total Building Area
2500
Occupant Type
Tenant
Cross Street
Danforth and Logan
MLS® Number
E13421166
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Basement
Yes
Postal Code
M4K 1P1
Posession Details
TBD
Tax Amount
$24,352.32
Tax Year
2025
Site Influences
Public Transit, Subways
Community Features
Public Transit, Subways
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 1 PL 81E TORONTO AS IN CT592396; S/T & T/W CT592396; CITY OF TORONTO
Security Features
No
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