471 Danforth Ave is a 5-bathroom commercial in Toronto, listed for $1,699,000.
1This high-exposure property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio.
2The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage.
3Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout.
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5 Bath Commercial Property in Toronto
About 471 Danforth Avenue
Greektown Gem - DANFORTH & LOGAN! Exceptional mixed-use opportunity in the heart of vibrant Greektown. This high-exposure property features a turnkey main-floor restaurant space of approx. 1,200 sq. ft., currently accommodating 55 indoor seats plus a small patio. The spacious, approx. 300 sq. ft. kitchen offers excellent potential for prep, workflow, and storage. Extensively renovated in 2008, the building includes updated plumbing, electrical, and gas systems throughout. The main level was rebuilt to the foundation with a new concrete subfloor and tile finish, creating a solid, modern commercial space ready for continued success. Both the main and lower levels benefit from upgraded infrastructure. Before being leased, the owner successfully operated a well-loved Thai restaurant from this location for nearly 20 years, highlighting the strength, visibility, and long-term potential of this established address. The lower level offers approximately 600 sq. ft. with high ceilings and five bathrooms, providing valuable additional space for staff use, customer convenience, storage, or future reconfiguration. Above the commercial unit is a bright and spacious, approx. 800 sq. ft. two-bedroom apartment, renovated in 2023 and currently leased for $2,250/month, creating valuable supplemental income. Whether you're an investor seeking a mixed-use property with revenue potential or an end user looking to operate your own business while benefiting from residential income above, this property offers exceptional flexibility and opportunity. Located in one of Toronto's most sought-after neighbourhoods, surrounded by strong foot traffic, transit, dining, and local amenities, this is a rare chance to secure a prime Greektown property with long-term upside. Opportunities like this don't come often you won't want to miss it.
Toronto commercial priced at $1,699,000 — book a tour to see if it fits your search.
Inside 471 Danforth Ave
Every detail from the listing, in one place.
Type
Commercial
Features & systems
Lot & land
Lot size (sqft)
1428
Listing & possession
Property class
Store W Apt/Office
471 Danforth Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E14154196$1,699,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 471 Danforth Ave Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3-bed homes for sale in Toronto around $1.7M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5190.6%On average, homes sold at or above asking.
Active listings11,916Homes for sale here right now.
Median vs prior 90 days+0.4%Compared with May 10 – Aug 8, 2026: prices up.
Based on 9,132 sales from Aug 8 – Nov 6, 2026 (7,132 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 471 Danforth Ave
How much is 471 Danforth Ave listed for?
471 Danforth Ave is listed at $1,699,000 (MLS® E14154196). Summitly updates the price as soon as the MLS® record changes.
Has the price of 471 Danforth Ave changed?
No — 471 Danforth Ave is still listed at its original asking price of $1,699,000.
How many bedrooms and bathrooms does 471 Danforth Ave have?
471 Danforth Ave has 5 bathrooms. It is a commercial property in Toronto.
How does 471 Danforth Ave compare with other homes in Toronto?
Its asking price of $1,699,000 is about 101% above the median sold price in Toronto over the last 90 days, $843,500, across 9,132 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 471 Danforth Ave been sold before?
Summitly has no earlier MLS® sale or lease of 471 Danforth Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 471 Danforth Ave?
471 Danforth Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 471 Danforth Ave been on the market?
1 day — 471 Danforth Ave was listed on November 5, 2026.
What is the land transfer tax on 471 Danforth Ave?
About $60,910 at the asking price of $1,699,000: $30,455 Ontario land transfer tax plus $30,455 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 471 Danforth Ave or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 471 Danforth Ave?
The listing for 471 Danforth Ave doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
When was 471 Danforth Ave built?
The listing for 471 Danforth Ave doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
