Welcome to this remarkable commercial retail located in the coveted neighborhood of Danforth. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
1,680 SF of main floor retail space in this vibrant, multicultural neighborhood in Toronto's east end, famous for its Greek & Ethiopian heritage, diverse shops, restaurants, and the annual Taste of the Danforth festival. The space is currently operating as "The Florist's Loft" events venue (catering to weddings, birthdays, baby showers, engagement parties, celebrations, etc.) primarily on weekends and in the evenings. The space is available for unique and varied uses during periods when the Florist's Loft is not hosting events (i.e., weekdays - during the day or evening; some weekends). Potential uses include pop up shops/cafes, cooking or culinary classes, dance recitals, vintage stores, fitness classes, corporate events, art exhibitions, photography studio, community meetings, gaming tournaments, craft fairs, film sets, book signings, tech demonstrations, language classes, fashion shows, food tastings, team buildings, graduation ceremonies, health clinics, DIY workshops, music lessons/recitals/jams, pet training, kids' activities, yoga, etc. The premises contains an integrated sound system, TV monitor, and various lighting & decor options. The basement level contains a 600 square foot industrial-grade prep kitchen, two washrooms, and a small private room. The Florist's Loft can equip your business or use with the following equipment or chattels: tables, chairs, linens, tableware, decorations.
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Data-driven valuation for 1092 Danforth Avenue Main Floor, Toronto E03, ON M4J 1M5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1 in Toronto, the legal minimum down payment is $0 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $0 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $0 also applies, bringing the total estimated land transfer taxes to $0.
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