Toronto, ON · M1K 1E3 · MLS® E14097196Updated
$1,199,000
582 Danforth Rd is a retail in Toronto, listed for $1,199,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Welcome to 582 Danforth Rd. A rare opportunity to acquire a prominent corner-lot, mixed-use investment property in a high-exposure Danforth Avenue location, offering an attractive 6.00% cap rate and multiple income streams. This well-maintained asset features three fully leased commercial units, one additional flexible-use/storage space, one newly renovated vacant two-bedroom residential apartment ready to be leased at market rent, billboard income, and on-site parking, providing immediate cash flow with excellent upside potential. Positioned in a high-visibility corridor with exceptional pedestrian and vehicle traffic, the property benefits from outstanding street presence and long-standing commercial tenancy. Recent capital improvements include extensive renovations, upgraded electrical service, a new HVAC system, and replacement of all flat roofs within the past five years, reducing future capital expenditures. Offering stable income today, immediate leasing upside, and future redevelopment potential, this is an exceptional opportunity for investors seeking a turnkey, income-producing asset in a prime Toronto location with long-term appreciation potential. Do not approach AAA existing tenants. Information only through listing agent & showings through LA only.
Toronto retail priced at $1,199,000 — book a tour to see if it fits your search.
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Lot & land
Listing & possession
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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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.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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Listing brokerage: UNION REALTY BROKERAGE INC.MLS® E14097196 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
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Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 9,285 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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582 Danforth Rd is listed at $1,199,000 (MLS® E14097196). Summitly updates the price as soon as the MLS® record changes.
No — 582 Danforth Rd is still listed at its original asking price of $1,199,000.
The listing for 582 Danforth Rd doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
The nearest rapid-transit station is Scarborough GO Station (Lakeshore East GO), about 910 m (about a 11-minute walk) in a straight line. Warden Station is about 1.3 km (about a 16-minute walk), and Ionview Station is about 2.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $1,199,000 is about 42% above the median sold price in Toronto over the last 90 days, $845,000, across 9,285 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.
Summitly has no earlier MLS® sale or lease of 582 Danforth Rd on record from the last two years. Older records aren't shown under TRREB rules.
582 Danforth Rd is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
2 days — 582 Danforth Rd was listed on October 20, 2026.
The lot measures 29.81 × 0.00 Feet, as published in the listing.
About $40,910 at the asking price of $1,199,000: $20,455 Ontario land transfer tax plus $20,455 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.
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The listing for 582 Danforth Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
