$1,849,000
FOR SALE

Commercial/Retail

Lot: 14 x 102 ft
2025 Taxes: $24,352.32

471 Danforth Ave
Toronto, ON M4K 1P1 | North Riverdale

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.
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Listed By KELLER WILLIAMS ADVANTAGE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E13036986
Last Updated Apr 23, 2026
Property Summary
Property Type Commercial/Retail

More like this:
PIN 210630182
Legal Description PT LT 1 PL 81E TORONTO AS IN CT592396; S/T & T/W CT592396; CITY OF TORONTO
Possession Date TBD
Taxes (2025) $24,352.32
Directions/Cross Streets Danforth and Logan
Neighbourhood North Riverdale
Area Toronto
Price History

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Detailed Information
Freestanding Y
Bathrooms 5
Lot 14 x 102 ft
Air Conditioning Yes
Basement Basement
Garage Type None
Heat Type Gas Forced Air Closed

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