For Sale

588 Danforth Avenue, Toronto E03, Ontario M4K 1R1

$2,485,000

588 Danforth Avenue, Toronto E03, Ontario M4K 1R1 is For Sale and has a listing price of 2,485,000. The property is located in the Toronto E03 . It's been on the website for 9 Days.

  • MLS ID: E12291728
  • Office Name CENTURY 21 ATRIA REALTY INC.
Property Description

Rarely offered gem on Danforth Ave + Completely rebuilt in 2011 with a 40 ft extension added in 2011 + Foundation underpinned and waterproofed (to the existing structure and extension) offering 7 ft ceiling height in the basement + Total 400 amp power upgrade + New sump pump; bone dry basement + All sewer pipes, drains, joists, electrical wiring, roof, foundation were all redone in 2011 + Property is built to code with original drawings available + Immaculate condition + Remarkable 120 ft deep lot 1. GROUND FLOOR FEATURES: Main entrance on Danforth Ave + Walk-in freezer, commercial range hood, 9-foot ceilings, HRV ventilation system, 2 egress (front and back), 200 amps, access to lower level (two washrooms), and ample storage in the basement 2. UPPER LEVEL FEATURES: Main door entrance on Danforth Ave, 5 separate offices, 8 ft ceiling, separately rented, hardwood floor throughout (in pristine condition), 3-pc washroom in hallway, 2-pc washroom in the unit facing Danforth Ave, potential to convert into apartment suites (rough-in is in place), fire rated doors, 2 skylights in the hallway pouring with natural sunlight, 2 egress (front and back), 200 amps, 4 portable AC units (in addition to CAC), pot lights throughout, smooth ceilings and baseboard heating in each office 3. BASEMENT FEATURES: 2 separate basements partially finished (separate entrance); over 1000 sq ft of additional space and 7 ft height clearance (rare) + ADDITIONAL HIGHLIGHTS: 6 individual meters for hydro, central AC x 3 (2 on the main level and 1 upstairs), HRV x 2, sump pump, total of 4 washrooms with a rough-in to accommodate a 5th washroom, newer roof, newer furnace, 2 private parking spots, all HVAC and HRV systems are owned, no rental items! Steps to the subway and the future Ontario Line and new condo developments. Incredible opportunity!

Property Details
  • MLS ID: E12291728
  • Price: $2,485,000
  • Lot Depth: 120
  • Transaction Types: For Sale
  • Ref ID: E12291728
  • Year Built: N/A
  • Dir / Cross St: Danforth/Pape
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 6-15
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
07/17/2025 E12291728 $2,485,000 For Sale - -
04/23/2025 E12099566 $2,495,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Toronto E03
  • $1,361,927 Average List Price
    based on 1 year
  • 69 New Listings
    based on 30 days
  • 41 Median Days on Market
    based on 1 year
  • List vs. Selling Price 115.44 % Up
  • Sold (12mo) 43
  • Rented (12mo) 186

  • 1 Month Change +9.3%
  • 3 Month Change -73.7%
  • 6 Month Change -6.1%
Walkscore
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Y
  • Parking Spaces: 2
  • Taxes: $34,858
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBA
  • Listing Entry Date: 17/07/2025 17:54:47
Want to see this property?