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, food entrepreneurs, or investors looking for a solid asset in a sought-after area.
Address
777 Danforth Road
List Price
$1,499,000
Property Type
Commercial
Type of Dwelling
Commercial Retail
Area
Toronto E04
Sub-Area
Kennedy Park
County
Toronto
Lot Size Source
GeoWarehouse
Lot Shape
Irregular
Lot Type
Building
Lot Size Units
Feet
Lot Width
108.37
MLS® Number
E12283407
Listing Brokerage
RE/MAX ACE REALTY INC.
Postal Code
M4J 1L2
Tax Amount
$8,363.38
Tax Year
2025
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Security Features
No