+ 24 photosFor Sale · Store W Apt/Office
588 Danforth Avenue, Toronto, ON M4K 1R1
Toronto E03 · Playter Estates-Danforth
5 days on market
—
Beds
5
Baths
2
Parking
2700 sq ft
Sq ft
—
Built
About this home
- 2700 sq ft commercial building on Danforth Avenue, one block west of Pape Avenue, with three levels plus two heated basements.
- Main floor has a franchise restaurant tenant with a lease including 2 extensions; tenant covers property taxes, insurance, utilities, and maintenance with owner contribution of approximately $1,000 per month.
- Upper level occupied by professional businesses.
- 5 bathrooms total, 2 parking spaces at rear, 400 AMP 3-phase hydro service.
- Building renovated and extended (37 ft addition in 2011); recent upgrades include complete rewiring, new plumbing with APEX water lines, new floor joists and subfloors on second floor, new fixtures and drains, and fire-proof and sound-proof insulation.
- Two separate central air conditioning and heating systems with individual electrical panels for each unit.
Key points summarised from the listing description.
Property details
Listed on
September 10, 2026
Days on market
5 days
Property tax
$34,858 (2025)
Lot
16 × 120 Feet
Heating
Gas Forced Air Open
Cooling
Yes
MLS®
E13766972
Full details
Parking
GarageOutside/Surface
Driveway2
Total parking2
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| September 10, 2026 | — | $2,295,000 | For Sale | E13766972 |
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True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$43,850
Toronto municipal LTT$43,850
Legal · title · inspection$2,800
Closing costs$90,500
Down payment$459,000
Total cash to close$549,500
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
