For Sale

777 Danforth Road, Toronto E01, Ontario M4J 1L2

$1,499,000

777 Danforth Road, Toronto E01, Ontario M4J 1L2 is For Sale and has a listing price of 1,499,000. The property is located in the North Riverdale neighbourhood . It's been on the website for 62 Days.

  • MLS ID: E12283407
  • Office Name RE/MAX ACE REALTY INC.
Property Description

Exceptional mixed-use investment opportunity featuring a fully operational restaurant with a commercial-grade industrial kitchen on the main floor and a spacious residential apartment above. The main floor offers approximately 1,100 sq ft of restaurant space with a full kitchen built at a cost of around $300,000, currently operating as takeout only (no dine-in). There is also a full basement used for restaurant storage, providing additional functional space. The second-floor apartment has a separate entrance and proper fire separation as per building code, ensuring tenant safety and compliance. This professionally renovated building with permits includes extremely rare on-site parking for 14 cars, a major asset in this high-traffic area where parking is hard to find. Ideal for investors seeking strong rental income and appreciation potential, or for end users looking to operate their business while living above. The building is small and easy to maintain yet offers excellent utility with its mixed-use configuration. Fire safety layers are in place between the commercial and residential units, meeting all city requirements. Highlights include a prime location with great exposure, turnkey fully equipped kitchen saving significant build-out costs, full basement storage, and a legal residential apartment for additional income. This is a unique opportunity to own a professionally upgraded, code-compliant mixed-use property with high visibility and low vacancy risk, perfect for restaurant operators, best ghost kitchen concept, food entrepreneurs, or investors looking for a solid asset in a sought-after area.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: E12283407
  • Price: $1,499,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: N/A
  • Ref ID: E12283407
  • Dir / Cross St: Danforth Rd / Midland Ave
  • Status: Active
  • Tax Year: 2025
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
07/14/2025 E12283407 $1,499,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
North Riverdale
  • $1,481,750 Average List Price
    based on 1 year
  • 54 New Listings
    based on 30 days
  • 17 Median Days on Market
    based on 1 year
  • List vs. Selling Price 9.07 % Below
  • Sold (12mo) 95
  • Rented (12mo) 73

  • 1 Month Change -
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 99 Walk Score
    Walker's Paradise
  • 89 Transit Score
    Excellent Transit
  • 82 Bike Score
    Very Bikeable
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Y
  • Taxes: $8,363
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBA
  • Listing Entry Date: 14/07/2025 17:20:50
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