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$2,485,000
New Listing

588 Danforth Avenue
Toronto, ON M4K 1R1

For Sale|Retail|Active
0
Beds
0
Total Baths
2,700
SqFt
$920
/SqFt
County:
Toronto
588 Danforth Avenue588 Danforth Avenue588 Danforth Avenue588 Danforth Avenue
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Monthly Payment (Est.)

$11,338
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

Rarely offered gem on Danforth Ave + Completely rebuilt in 2011 with a 40 ft extension added in 2011 + Foundation underpinned and waterproofed (to the existing structure and extension) offering 7 ft ceiling height in the basement + Total 400 amp power upgrade + New sump pump; bone dry basement + All sewer pipes, drains, joists, electrical wiring, roof, foundation were all redone in 2011 + Property is built to code with original drawings available + Immaculate condition + Remarkable 120 ft deep lot 1. GROUND FLOOR FEATURES: walk-in freezer, commercial range hood, 9-foot ceilings, HRV ventilation system, two egress points (front and back), 200 amps, access to lower level (two washrooms), and ample storage in the basement 2. UPPER LEVEL FEATURES: Main door entrance on Danforth Ave, 5 separate offices, 8 ft ceiling, separately rented, hardwood floor throughout (in pristine condition), 3-pc washroom in hallway, 2-pc washroom in the unit facing Danforth Ave, potential to convert into an apartment suite (rough is in place), fire rated doors, 2 skylights in the hallway pouring with natural sunlight, 2 egress (front and back), 200 amps, 4 portable AC units (in addition to CAC), pot lights throughout, smooth ceilings and baseboard heating in each office 3. BASEMENT FEATURES: 2 separate basements, partially finished; over 1000 sq ft of additional space and 7ft height clearance (rare) + ADDITIONAL HIGHLIGHTS: 6 separate meters for hydro, central AC x 3 (2 on main level and 1 upstairs), HRV x 2, sump pump, total of 4 washrooms with a rough-in to accommodate a 5th washroom, newer roof, newer furnace, 2 private parking spots, all HVAC and HRV systems are owned, no rental items! Steps to the subway and the future Ontario Line and new condo developments. Incredible opportunity!

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Listing Snapshot
Price 
$2,485,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,700 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
E12291728
Status 
Active
Property Tax 
$34,858.46
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 hours agoListing updated with changes from the MLS®
5 hours agoListing first seen on site
General Features
Cross Street 
Danforth/Pape
Parking Spaces 
2
Property Sub Type 
Retail
SqFt Total 
2700
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Listing courtesy of CENTURY 21 ATRIA REALTY INC.

Listing information is provided by Participants of the Toronto Real Estate Board. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Toronto Real Estate Board
Last checked 2025-07-17 10:48 PM UTC

Neighborhood & Commute
Source: Walkscore
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