2666 Danforth Ave
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2666 Danforth Ave
2,725 SF 36% Leased Retail Building Toronto, ON M4C 1L7 $1,599,000 CAD ($587 CAD/SF) 5.01% Cap Rate
Investment Highlights
- Conveniently situated directly along Danforth Avenue, this property offers easy access to transit options.
- Minutes from the Danforth GO Station with 15 minutes travel time to Union Station.
- The strong mix of national and local tenants along with limited turnover of retail storefronts exemplify the quality of the Danforth Village.
- Close proximity to Main Street TTC Subway Station shopping and entertainment amenities.
- Retail needs of the local community are well serviced by local business and national tenants such as Canadian Tire, Hakim Optical, Tim Hortons.
- Unlock the potential for increased revenue through additional residential development on the property.
Executive Summary
Kaizen Capital Realty Partners is pleased to present 2666 Danforth Avenue.The 2,228 square feet of land and ideally situated at the intersection of Main Street and Danforth Avenue in the vibrant heart of the Danforth Village. This property offers an excellent opportunity for investors or owner-users to enhance its value in a rapidly developing neighborhood with numerous ongoing projects. Conveniently situated directly along Danforth Avenue, this property offers easy access to transit options. Close proximity to Main Street TTC Subway Station shopping and entertainment amenities. Minutes from the Danforth GO Station with 15 minutes travel time to Union Station.
Retail needs of the local community are well serviced by local business and national tenants such as Canadian Tire, Hakim Optical, Tim Hortons & Subway. The strong mix of national and local tenants along with limited turnover of retail storefronts exemplify the quality of the Danforth Village as a retail node. Unlock the potential for increased revenue through additional residential development on the property. The neighborhood is undergoing a significant transformation due to major condominium developments. This influx of modern housing options is driving substantial gentrification, attracting new residents and businesses, and reshaping the community's character and economic landscape.
Retail needs of the local community are well serviced by local business and national tenants such as Canadian Tire, Hakim Optical, Tim Hortons & Subway. The strong mix of national and local tenants along with limited turnover of retail storefronts exemplify the quality of the Danforth Village as a retail node. Unlock the potential for increased revenue through additional residential development on the property. The neighborhood is undergoing a significant transformation due to major condominium developments. This influx of modern housing options is driving substantial gentrification, attracting new residents and businesses, and reshaping the community's character and economic landscape.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$92,486
|
$33.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$92,486
|
$33.94
|
| Taxes |
$10,289
|
$3.78
|
| Operating Expenses |
$2,100
|
$0.77
|
| Total Expenses |
$12,389
|
$4.55
|
| Net Operating Income |
$80,097
|
$29.39
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $92,486 |
| Annual Per SF | $33.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $92,486 |
| Annual Per SF | $33.94 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,289 |
| Annual Per SF | $3.78 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,100 |
| Annual Per SF | $0.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,389 |
| Annual Per SF | $4.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $80,097 |
| Annual Per SF | $29.39 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,725 SF
Building Class
C
Year Built
1919
Price
$1,599,000 CAD
Price Per SF
$587 CAD
Cap Rate
5.01%
NOI
$80,097 CAD
Percent Leased
36%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.18
Land Acres
0.05 AC
Zoning
CR3(c2;r2.5*2219)
Frontage
40 ft on Danforth Ave
Amenities
- Bus Line
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Biker's Paradise (91)
Nearby Major Retailers
-
Nicholas King -
Kaizen Capital Realty Partners
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2666 Danforth Ave
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