1236 Danforth Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable sale of business 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 $249,000 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.
- 0 Bedrooms and 6 Bathrooms
- Premium 17.83 x 110.16 ft lot size
- Convenient street garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Completely renovated bar and restaurant on one of the Danforth's most dynamic and trendiest stretches. The space is currently home to a popular Eritrean and Ethiopian concept but is ideal for nearly any style of hospitality venture. The interior has been meticulously finished from top to bottom with premium leaseholds, equipment, and systems throughout. Licensed for 65 guests inside plus 20 on the patio, the venue features a 7-ft commercial hood, a large walk-in fridge suitable for both food storage and beer kegs, and a fully equipped party room in the basement. Approximately 1,900 sq. ft. of total space. A brand-new lease will be created at$7,544 gross rent with 5 + 5-year terms. Please do not go direct or speak to staff.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1236 Danforth Avenue, Toronto E03, ON M4J 1M6
Based on 0 recent similar sales in the pocket.
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 $249,000 in Toronto, the legal minimum down payment is $12,450 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 $2,215 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $2,215 also applies, bringing the total estimated land transfer taxes to $4,430.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
