MLS® listing
1299 Danforth Avenue: multiplex for sale
$2,450,000
From the listing brokerage
Welcome to 1299 and 1301 Danforth Ave .This corner property is a rare turnkey investment opportunity offering strong cash flow with great cap rate in one of Toronto's most vibrant and transit-oriented corridors, directly across from Toronto Subway Greenwood Station. Close to 400K spend in renovation during past recent year to upgrade and improve the building and property is currently in excellent shape without requiring any budget for improvement. This fully income-producing mixed-use property features a prominent ground-floor commercial space with basement level occupied by an established restaurant tenant, along with an additional private office area in the basement ideal for owner use, professional office space, or potential supplementary income. The property also includes four fully furnished residential apartments comprised of two bachelor suites and two one-bedroom units, all currently leased and generating stable rental income. An additional rooftop billboard lease provides bonus monthly income under a flexible month-to-month agreement. Surrounded by thriving retail, restaurants, parks, schools, and everyday amenities, this exceptional asset combines immediate income stability, future upside potential, and outstanding exposure in the heart of the Danforth.Please ask the listing agent for full financials.Recent upgrades :New roof,New Heat pumps,New professional hood for restaurant, updated bathrooms,Meters are currently not separated but fees have been paid to Hydro for separate meters to be installed.New Flat Roof 2023,New Windows 2024,New Balcony Roof 2026.Property has been updated and renovated based on City codes fro commercial property and is an ideal hassle free investment property.
Facts on the listing
| Square feet | 2500-3000 |
|---|---|
| Style | 3-Storey |
| Basement | Finished, Walk-Up |
| Lot width | 17.48 |
| Lot depth | 100 |
| Lot measured in | Feet |
| Faces | South |
| Parking spaces | 4 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Wall Unit(s) |
| Kitchens | 5 |
| Property tax | $12,045 |
| Tax year | 2025 |
| Parking | Available |
| Interior features | Water Heater |
Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS® E13142472.
About this multiplex
1299 Danforth Avenue is a 4 bedroom multiplex in TRREB's Greenwood-Coxwell community in Toronto, listed for sale at $2,450,000. The listing shows 6 bathrooms and 2500-3000 square feet. The style is given as 3-storey. The lot is listed as 17.48 by 100 feet. The listing gives the basement as finished, walk-up. It comes with 4 parking spaces according to the listing. The nearest main intersection given is Danforth & Greenwood.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 1299 Danforth Avenue
At the asking price of $2,450,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $2,450,000 |
|---|---|
| Ontario land transfer tax | $47,725 |
| Toronto municipal land transfer tax | $47,725 |
| Both taxes | $95,450 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $490,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $12,045 a year, about $1,004 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 17.48 by 100 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 5 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 1299 Danforth Avenue
How much is land transfer tax on 1299 Danforth Avenue?
At the asking price of $2,450,000 the Ontario tax is $47,725 and the Toronto tax is $47,725, $95,450 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 1299 Danforth Avenue?
$490,000 at the asking price of $2,450,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 1299 Danforth Avenue?
The listing shows $12,045 a year for 2025, about $1,004 a month.
How do I book a showing for 1299 Danforth Avenue?
Use the form on this page or call us. Quote MLS® E13142472. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 1299 Danforth Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). 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. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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