588 Danforth Avenue
Playter Estates-DanforthToronto, ONM4K 1R1Near West Of Pape Ave
- 5 baths
3 upcoming open houses
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What this listing tells us
Turn-key investment opportunity on Danforth Avenue, just one block west of Pape Avenue in the heart of Toronto's vibrant Danforth community. This fully renovated and extended three-level commercial building (with an approximately 37 ft addition completed in 2011) offers a stable, income-generating opportunity with excellent long-term tenants. The main floor features a franchise restaurant with a strong lease in place with 2 extensions, where the tenant pays for property taxes, insurance, utilities, and maintenance, with the owner covering a modest balance of approximately $1,000 per month. The upper level is occupied by reputable professional businesses, contributing to a polished, business-friendly atmosphere. The property has been upgraded throughout, including a 400 AMP / 3-phase hydro service with complete rewiring of the entire building, There are two separate heated basements each with its own washroom, individual electrical panels for each unit, a new plumbing system installed for the entire building with new APEX water lines, new fixtures & New Drains., new floor joists & subfloors on the entire second floor, with installed & insulated with fire proof & sound proof insulation. Additional highlights include two central air conditioning and heating systems (one per floor), a total of five washrooms, and two parking spaces at the rear. A truly turn-key property requiring no repairs, ideally suited for investors seeking a prime commercial asset in a high-traffic, high-visibility Danforth location.
Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.
Listing, price, and tax history
Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.
| Date | Event | Status | Price | Change | MLS® | View |
|---|---|---|---|---|---|---|
| Jun 3, 2026 | Previously listed | New | $780 | — | E13240974 | View |
| Mar 31, 2026 | ListedCurrent | For sale | $2,389,000 | — | E12941870 | This page |
| Oct 16, 2025 | Previously listed | Ter | $2,389,000 | — | E12469823 | View |
| Sep 18, 2025 | Previously listed | Ter | $790 | — | E12417768 | View |
| Aug 9, 2025 | Previously listed | Ter | $1 | — | E12335181 | View |
| Jul 17, 2025 | Previously listed | Ter | $2,485,000 | — | E12291728 | View |
| May 8, 2025 | Previously listed | Ter | $795 | — | E12139087 | View |
| Apr 23, 2025 | Previously listed | Ter | $2,495,000 | — | E12099566 | View |
| Sep 30, 2024 | Previously listed | Ter | $2,595,000 | — | E9376316 | View |
| Sep 23, 2024 | Previously listed | Ter | $199,000 | — | E9363435 | View |
| Jul 2, 2024 | Previously listed | Ter | $795 | — | E9010335 | View |
| Apr 16, 2024 | Previously listed | Ter | $2,998,000 | — | E8244706 | View |
Inside this property
Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.
Features & systems
Heating, cooling, parking, exterior, lot, possession, and more.
Systems
3- Heating
- Gas Forced Air Open
- Air conditioning
- Yes
- Water source
- Municipal
Getting around, schools & the block
Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.
Points of interest classified by the MLS® feed.
- Public Transit
- Subways
The money — monthly cost, mortgage & return
Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.
Cost of ownership
A monthly snapshot at typical assumptions — personalize the mortgage just below.
How this home sits in the Toronto market
Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.
The Toronto market right now
Average sold price, days on market, and closed-transaction count for Toronto — sourced from MLS®.
- Avg sold price$1,088,463Last 30 days
- Median sold price$858,962Middle of the market
- Days on market28 dAvg from list to close
- Closed last 30d6,676MLS® transactions
We'll get you into 588 Danforth Avenue — the seller pays our commission
On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.
$0 to you. The seller pays our fee.
On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.
Property flags & disclosures
An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.
We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 588 Danforth Avenue and found nothing flagged. We re-check automatically as new records publish.
Common questions about this property
Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.
How much is 588 Danforth Avenue listed for?
588 Danforth Avenue is listed at $2,389,000 on the MLS® (listing E12941870). The price refreshes on Summitly within minutes of any MLS® change.
How many bedrooms, bathrooms, and square feet does 588 Danforth Avenue have?
Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.
