Greektown Gem - DANFORTH & LOGAN!! An exceptional opportunity in the heart of Greektown! This main floor restaurant (approx. 1,150 sq. ft.) currently seats 55 guests inside, plus a small patio, and features a generous approx. 300 sq. ft. kitchen with ample prep and organization space. Fully renovated in 2008, the property includes completely updated plumbing, electrical, and gas systems. The main level was stripped to the foundation, with a brand-new concrete subfloor and tile finish installed, ensuring a modern, turnkey space. Both main and lower levels boast fully updated infrastructure. The basement (approx. 545 sq. ft.) offers high ceilings and five bathrooms, providing flexibility for staff, customers, or future layout possibilities. Above, a spacious approx. 800 sq. ft. two-bedroom apartment (renovated 2023) is currently leased for $2,250/month, delivering stable rental income from day one. Located in a prime, high-exposure corner, opportunities like this in Toronto's most vibrant neighbourhoods are rare. Secure a worry-free investment with strong potential in Greektown!
Address
471 Danforth Avenue
List Price
$1,849,000
MLS® Status
New
Expiration Date
2026-09-02
Property Type
Commercial
Type of Dwelling
Commercial Retail
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
E12835630
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